Pantera Capital secures Solana in FTX bankruptcy auction

🐈‍⬛ Pantera Capital has won an auction for Solana (SOL) tokens held by the bankrupt FTX, as reported by Bloomberg with information from insiders.

🔨 The auction also saw other unnamed participants acquiring assets, with organizers distributing 2,000 SOL worth approximately $0.29 million.

🤔 The tokens sold at a price higher than the roughly $60 achieved in the previous auction. To put it into perspective, the price of SOL at the time of this report is $142.7, with expectations of more auctions to come.

🗒 In April, the sale of two-thirds of FTX's SOL reserves at a 62% discount in a private sale sparked outrage among FTX creditors. The tokens were 💵 bought by Galaxy Trading, Pantera Capital, and other entities, with access to these tokens to be progressively unlocked over the next four years.