Foresight News reports that, according to The Block, the crypto financial services company Galaxy Digital seems to have exchanged ETH holdings worth over $100 million for SOL in the past week. Galaxy currently holds approximately 55,760 ETH (valued at $90.5 million) and 171,315 SOL (valued at $23.91 million). Transaction data shows that most of the funds Galaxy recently withdrew from Binance have been transferred to unmarked wallet addresses.
Earlier today, ETH dominance (the percentage of ETH market cap in the total crypto market cap) fell to a historic low, briefly dropping below 7%. Since the beginning of this year, the token's dominance has declined by 43%, during which its market price dropped by 51.5%. Ethereum is currently trading at $1,627.
