#FTX Initiates Selling of $7.5 Billion Locked #Solana : Report
The $FTX bankruptcy estate is selling 41 million locked solana ($SOL ) tokens for $7.5 billion, according to a report from The Block citing multiple sources with knowledge of the matter.
These token sales are being facilitated by Galaxy Asset Management, an affiliate of Galaxy Digital Holdings, with one of its other affiliates – Galaxy Trading – also reportedly making a bid for the estate’s locked SOL holdings.
