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MainNewsGalaxy Digit...

Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens


by Ikemefula Aruogu
for CoinEdition
Galaxy Digital Dumps Millions into Solana Meme Coins - Loses Big
  • Galaxy Digital incur losses across PNUT, ai16z, and ARC cryptocurrencies.
  • PNUT, ai16z, and ARC are built on the Solana blockchain.
  • SOL has lost all the gains it made at the beginning of the year.

A Chinese crypto user on X has spotted notable losses on Galaxy Digital’s holdings across some cryptocurrencies on the Solana blockchain. According to the crypto user, they identified a crypto wallet belonging to a well-known asset manager that spent $16.41 million to take positions in three crypto tokens.

Related: Solana Meme Coin Chaos: Scandals Spark Investor Risk Debate

$16 Million Crypto Wager on PNUT, AI16Z, ARC Turns Red

In a recent post on X, the Chinese observer noted that Galaxy Digital invested the funds into …

The post Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings

Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings

Defi Development Corporation, previously known as Janover, has submitted a registrati...
Public Firm Janover Pivots Strategy, Plans to Hold Solana on Balance Sheet

Public Firm Janover Pivots Strategy, Plans to Hold Solana on Balance Sheet

Janover Inc. (Nasdaq: JNVR) has formally asked the SEC to approve changing its name t...
MainNewsGalaxy Digit...

Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens


by Ikemefula Aruogu
for CoinEdition
Galaxy Digital Dumps Millions into Solana Meme Coins - Loses Big
  • Galaxy Digital incur losses across PNUT, ai16z, and ARC cryptocurrencies.
  • PNUT, ai16z, and ARC are built on the Solana blockchain.
  • SOL has lost all the gains it made at the beginning of the year.

A Chinese crypto user on X has spotted notable losses on Galaxy Digital’s holdings across some cryptocurrencies on the Solana blockchain. According to the crypto user, they identified a crypto wallet belonging to a well-known asset manager that spent $16.41 million to take positions in three crypto tokens.

Related: Solana Meme Coin Chaos: Scandals Spark Investor Risk Debate

$16 Million Crypto Wager on PNUT, AI16Z, ARC Turns Red

In a recent post on X, the Chinese observer noted that Galaxy Digital invested the funds into …

The post Galaxy Digital’s $8.5 Million Loss Betting on Three Solana-Based Tokens appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings

Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings

Defi Development Corporation, previously known as Janover, has submitted a registrati...
Public Firm Janover Pivots Strategy, Plans to Hold Solana on Balance Sheet

Public Firm Janover Pivots Strategy, Plans to Hold Solana on Balance Sheet

Janover Inc. (Nasdaq: JNVR) has formally asked the SEC to approve changing its name t...