Solana (SOL) continues to command market attention after Galaxy Digital purchased $300 million worth of SOL in 13 transactions across Binance, Coinbase, and Bybit. The digital assets investment firm has now acquired over 6.5 million SOL in the past five days, worth approximately $1.57 billion, according to on-chain data.

These purchases come as part of a broader Solana-focused strategy. Galaxy, alongside Jump Crypto and Multicoin Capital, recently led a $1.65 billion private placement for Forward Industries.

The move places Forward Industries as a key institutional actor in the ecosystem, with Galaxy moving large batches of SOL into custody wallets on Fireblocks, signaling long-term holding intent.

Novogratz: “Season of Solana” Begins

Galaxy Digital CEO Mike Novogratz has described the

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