FTX Completes $2.6 Billion Solana Token Sale Amid Bankruptcy

FTX Completes $2.6 Billion Solana Token Sale Amid Bankruptcy



The estate of the bankrupt crypto exchange FTX has finalized the sale of $2.6 billion worth of Solana (SOL) tokens, marking the end of a series of auctions. This significant transaction saw participation from notable investment firms, including Figure Markets and Pantera Capital.



High-Stakes Auction Details



According to Bloomberg, Figure Markets secured a substantial block of 800,000 Solana tokens for approximately $80 million, averaging around $102 per token. This purchase price reflects a significant discount compared to the market value of $166 per token at the time of the transaction. Pantera Capital also acquired a portion of the tokens, though specific details of their purchase remain undisclosed. The sale commenced in April following court approval.



Anonymous sources confirmed that Figure Markets' acquisition was not


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Solana

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