GLXY (Galaxy Digital Inc.) has seen significant options activity, with put volume at 733K and $56M in premium, substantially higher than call volume (326K, $44M premium). This indicates a strong bearish sentiment or hedging activity despite the stock's recent 34.10% gain over the past three months, currently trading at $26.82. Investors should monitor if this put activity signals potential downside pressure or if it's primarily protective hedging against the recent rally.