According to Mars Finance, Galaxy Digital, owned by Mike Novogratz, has transferred 65,600 ETH (about $105 million) to Binance in the past two weeks and withdrawn 752,240 SOLs (about $98.37 million), which is suspected of a significant adjustment of its asset structure. The move comes amid a backdrop of ETH falling nearly 20% in the past month while SOL gains about 8%. Standard Chartered Bank's recent report pointed out that ETH faces a "structural downturn" and lowered its year-end target price. Galaxy currently still holds about $87.9 million worth of ETH and $23.86 million worth of SOL, according to Arkham data. The Solana ecosystem continues to expand, with DEX trading volume exceeding US$500 billion in three months, far exceeding Ethereum's US$400 billion, and the number of active addresses has exceeded 220 million. (CoinDesk)