Solana SOL to Bitcoin: Jump Crypto Converts 1.1 Million SOL to 2,455 BTC, Transfers to Galaxy Digital

According to Lookonchain data dated October 31, Jump Crypto is executing a notable SOL-to-BTC conversion on-chain. The activity shows 1.1 million SOL, currently unstaked, moved to Galaxy Digital in what appears to be a cross-asset transfer valued near $205 million.

In a roughly fifteen-minute window, the same custody movement shows 1.1 million SOL redirected to Galaxy Digital in exchange for 2,455 BTC, equating to about $265 million at prevailing prices.

While on-chain data highlights this liquidity rotation between SOL and BTC, the observations do not imply a price forecast. Market participants should monitor corroborating signals from exchange activity and wallet provenance to assess potential implications for SOL and BTC liquidity and risk appetite.