Galaxy Digital Buy 1.55B Solana and Sparks for Institutional Demand

Galaxy Digital don speed up how dem dey buy Solana, dem buy 1.2 million SOL wey cost $306 million for one day and make im total reach $1.55 billion inside five days. Dis kain buying show say big company dem dey find Solana as money keep for their company account. Dem take those tokens from different exchange and put am for Fireblocks custody. Dis one happen as Galaxy partner with Multicoin Capital and Jump Crypto to start crypto money management company. At the same time, Forward Industries raise $1.65 billion and make Solana money keep of $1.58 billion. On-chain data don show say more big company dem dey want Solana. Other public companies also buy more SOL: DeFi Development Corp add 2 million SOL ($117 million), Upexi Inc get 2 million SOL ($447 million) and dem dey make $105,000 every day from staking rewards, and BIT Mining buy 17,221 SOL dis week. Total value wey dey lock for Solana don pass $12 billion, na number two after Ethereum. SOL value don rise 17.3% for the last week and almost 30% inside the last month, e dey trade for about $234.77. For traders, dis kain things mean say big companies trust Solana more and e fit make price go high as more company fit start to keep money for Solana.