Galaxy Digital Withdraws 2.379M SOL ($554M) From Binance as CEO Heralds “SOL Season”
On September 12, COINOTAG reported that, according to monitoring by The Data Nerd, Galaxy Digital executed a withdrawal of 220,000 SOL from Binance approximately two hours prior, an amount equivalent to about $50.31 million. The on-chain movement was captured in real time by analytics providers tracking exchange outflows.
Over the most recent 24‑hour window, cumulative withdrawals attributed to Galaxy Digital from Binance increased to 2.379 million SOL, roughly $554 million, signaling significant asset reallocation on Solana’s network and notable liquidity flow off-exchange.
Galaxy Digital’s CEO has previously described a potential “SOL Season,” citing market momentum and regulatory signals as factors supportive of Solana’s development; market participants and custodians are likely to monitor these transfers for implications on liquidity and custody risk.