Major crypto funds purchased 62.6 million Metaplex tokens from the FTX estate in private sales over five months.
Metaplex trades at $0.260671 with strong support levels around $0.245, showing a 5.88% increase in the last 24 hours.
FTX estate holds only 7.5 million MPLX tokens, scheduled for full unlock by September 19, signaling the end of token sales.
Pantera Capital and ParaFi Capital, two of the leading digital asset fund managers have acquired a significant portion of Metaplex (MPLX) tokens from the FTX estate over the past five months. These 62.6 million tokens represent a large portion of the 72.6 million MPLX tokens initially held by the FTX estate. Currently, only 7.5 million tokens remain, which will unlock on September 19.
Crypto funds purchase 62.6M Metaplex tokens from FTX estate
Several crypto funds, including Pantera Capital and ParaFi Capital, have acquired 62.6 million Metaplex (MPLX) tokens from the FTX estate over the past five months. The FTX estate initially held 72.6 million MPLX, with…
— CoinNess Global (@CoinnessGL) September 9, 2024
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