Galaxy Digital Soars 5.19% on Solana Hype and Strategic Moves

Summary
• Galaxy Digital (GLXY) surges 5.19% to $34.86, hitting a 52-week high of $35.79
• Mike Novogratz’s bullish Solana comments and tokenized share launch on Solana drive momentum
• Options activity spikes, with $33 strike calls seeing 270x volume and 48.84% price change

Galaxy Digital’s stock is surging on a perfect storm of strategic announcements and market sentiment. The company’s tokenization of shares on Solana, coupled with CEO Mike Novogratz’s public endorsement of Solana’s dominance, has ignited a rally. With intraday trading between $33.69 and $35.79, the stock’s 5.19% gain reflects a mix of speculative fervor and institutional validation.

Solana-Centric Strategy Ignites Short-Term Bull Run
Galaxy Digital’s sharp intraday rally is fueled by two pivotal developments: the tokenization of its SEC-registered shares on Solana and Novogratz’s repeated emphasis on Solana’s strategic importance. The company’s partnership with Superstate to tokenize GLXY shares on Solana has positioned it as a pioneer in blockchain-based equity trading, attracting both retail and institutional attention. Simultaneously, Novogratz’s public statements—such as declaring it ‘Solana Season’ and highlighting the platform’s potential to outperform Bitcoin—have amplified market enthusiasm. These moves align with broader crypto market trends, where Solana’s scalability and low fees are gaining traction, particularly as Galaxy’s $1.4 billion Helios AI datacenter project gains momentum.

Options Playbook: Capitalizing on GLXY’s Bullish Momentum
• MACD: 2.09 (above signal line 1.33), RSI: 80.74 (overbought), Bollinger Upper Band: $35.86 (near current price)
• 30D Moving Average: $27.21 (well below current price), Support/Resistance: $24.20–$24.42 (distant)

GLXY’s technicals scream short-term bullish momentum, with RSI nearing overbought territory and MACD crossing above its signal line. The stock is trading near its 52-week high, suggesting a continuation of the rally is plausible. Key levels to watch include the $35.79 52-week high and the $33.69 intraday low. For leveraged exposure, consider boldGLXY20251003C33bold and boldGLXY20251003C34bold, which offer high leverage and moderate delta for directional bets.

Top Option 1: GLXY20251003C33
• Code: GLXY20251003C33
• Type: Call
• Strike Price: $33
• Expiration: 2025-10-03
• IV: 98.77% (high volatility)
• Leverage Ratio: 10.85% (moderate)
• Delta: 0.6559 (moderate sensitivity)
• Theta: -0.1852 (rapid time decay)
• Gamma: 0.0648 (moderate price sensitivity)
• Turnover: $87,782 (high liquidity)

This call option is ideal for capitalizing on a continuation of the rally. With high implied volatility and moderate delta, it balances leverage and risk. A 5% upside from $34.86 to $36.60 would yield a payoff of $3.60 per contract, translating to a 42.22% gain on the option’s price change ratio.

Top Option 2: GLXY20251003C34
• Code: GLXY20251003C34
• Type: Call
• Strike Price: $34
• Expiration: 2025-10-03
• IV: 96.87% (high volatility)
• Leverage Ratio: 13.36% (moderate)
• Delta: 0.5869 (moderate sensitivity)
• Theta: -0.1817 (rapid time decay)
• Gamma: 0.0699 (moderate price sensitivity)
• Turnover: $11,065 (high liquidity)

This option offers a slightly higher strike price, making it suitable for a more aggressive bullish stance. With similar volatility to the $33 call, it provides a 52.05% price change ratio, indicating strong short-term potential. A 5% upside would yield a $2.60 payoff, aligning with the stock’s current trajectory.

Action Insight: Aggressive bulls should consider boldGLXY20251003C33bold into a breakout above $35.79, while conservative traders may use boldGLXY20251003C34bold for a measured rally.

Backtest Galaxy Digital Stock Performance
Below is an interactive report of the requested back-test. Open it to review the detailed statistics, equity-curve and every individual trade generated by the “+5 % intraday-surge” rule.Key take-aways (2022-01-01 → 2025-09-24):• Total return: -13.2 %, annualized -14.3 %. • Maximum drawdown: -36.8 %. • Sharpe ratio: -0.18 (strategy under-performed cash). • Average trade: -1.22 % with win/loss ratio 45 %. • Winning trades gained +17.7 % on average; losing trades lost -10.7 %.Despite occasional strong pops (max single-trade +31 %), most signals were followed by weak follow-through, producing overall negative performance and poor risk-adjusted returns. You may consider:1. Tightening entry filter (e.g., require surge to happen on above-average volume). 2. Combining with broader-trend filter (trade only when price above 50-DMA). 3. Shortening holding period to harvest the very next-day mean-reversion.Feel free to ask for further variations or deeper diagnostics.

GLXY’s Solana Bet: A High-Velocity Trade with Clear Catalysts
Galaxy Digital’s rally is underpinned by a clear narrative: tokenization innovation and Solana’s ascendance. The stock’s proximity to its 52-week high and the sector’s mixed performance (Coinbase up 0.96%) suggest a continuation of the move is likely if institutional adoption of Solana-based assets accelerates. Investors should monitor the $35.79 level as a critical resistance and the $33.69 support. For now, the options market and technicals favor a bullish stance, with GLXY20251003C33 and GLXY20251003C34 offering the most compelling risk/reward. Watch for a breakdown below $33.69 to signal a reversal, but in the near term, the Solana-driven momentum is hard to ignore.