Overview
- On October 30, on-chain data tracked by Lookonchain showed Jump Crypto converting roughly 1.1 million SOL into 2,455 BTC.
- The SOL tranche was valued near $205 million at transfer, while the received Bitcoin was worth about $265 million.
- Lookonchain reported the unlocked SOL moved to Galaxy Digital as part of the transaction.
- Solana slid to lows near $181–$182 as the market sold off, with Coinglass tallying over $975 million in 24-hour liquidations and about $72.8 million in wiped leveraged bets, mostly longs.
- Bitcoin also retreated from recent highs near $116,000 to trade around $107,000, even as some observers framed the shift as a move toward perceived relative safety in BTC.