Overview
- Lookonchain data shows Jump Crypto sent 1.1 million unlocked, unstaked SOL to Galaxy Digital and received 2,455 BTC in return.
- The swap was executed in roughly 15 minutes, signaling a coordinated over-the-counter transaction designed to limit on-exchange impact.
- At the time, the SOL tranche was valued near $205 million and the BTC received around $265 million, based on market prices reported by outlets.
- Solana slid into the low $180s as Bitcoin traded near $107,000–$109,000, alongside broad market stress and steep leveraged unwindings.
- Coinglass-tracked liquidations topped roughly $975 million in 24 hours, including about $72.8 million tied to SOL positions, and neither Jump Crypto nor Galaxy Digital has commented.