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Bloomberg: FTX Concludes Sale of SOL at Below Market Prices
🏦 The bankrupt exchange FTX has completed a series of auctions selling $2.6 billion worth of Solana (SOL) tokens at significant discounts to market prices, according to #Bloomberg .
👀 Sources indicate that Figure Markets participated in the auction and purchased a lot of 800,000 SOL at approximately $108 per token. On the market, the token trades near $167.
💲 During the auction, an undisclosed amount of the asset was purchased by #PanteraCapital , though sources declined to reveal any figures. Earlier this year, media reported that Pantera Capital had specifically raised $250 million to buy $SOL from #Ftx❓ .
The tokens owned by the #exchange are subject to a four-year vesting period, but gradual unlocking will begin in a few months. 🧐
