$SOL People familiar with the matter revealed that FTX's bankruptcy administrators have sold two-thirds of its Solana token reserves worth about $2.6 billion at a significant discount, a move that attracted participation from industry giants from Galaxy Trading to Pantera Capital.

FTX sold 25 million to 30 million locked SOL tokens at $64 each, said people familiar with the matter, who declined to be identified to discuss confidential terms. This will raise as much as $1.9 billion for FTX's property.

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