Galaxy Digital Shares Plunge 4.16 as Surging Volume Propels Stock to 444th in Trading Activity Amid Macro-Driven Selloff

On August 29, 2025, Galaxy Digital (GLXY) closed with a 4.16% decline, trading at a volume of $0.21 billion, which marked an 88.94% increase from the previous day. The stock ranked 444th in trading activity among the day's listed companies.

The downward movement in Galaxy's share price followed a period of heightened market volatility, with investors recalibrating positions ahead of key macroeconomic data releases. While the firm's trading volume surged, indicating elevated short-term interest, the price action reflected broader risk-off sentiment in the technology and digital asset sectors.

Analysts noted that the stock's performance remained sensitive to liquidity conditions and sector-specific dynamics. The absence of company-specific catalysts in recent days suggested the decline was driven by macroeconomic factors rather than operational developments.

Backtesting results indicated that the stock's 4.16% drop aligned with historical patterns observed during periods of rising interest rates and regulatory uncertainty in the digital asset space. The data further highlighted a correlation between Galaxy's equity value and movements in the S&P 500 Technology Index over the past 90 days.