📉 The pace of SOL drops is accelerating as FTX starts another auction for locked Solana! 🔒💨 During the third sale of locked SOL assets, FTX will put up approximately 41 million SOL for purchase, with the bidding ending on May 9. 🛒💰 These assets, locked in period of 4 years, which will be released into the wilds with staking rewards distributed according to a predetermined schedule. ⏳💸
FTX's journey to repaying its creditors has been eventful, with previous sales giving them a staggering $1.7 billion in revenue! 💰💼 From Galaxy Trading to Pantera, big names lined up to snap up SOL assets at auction, with bids ranging from $85 to $110 for each cryptocurrency. 💸💼
As the bidding period ended, SOL's price appeared to hover around last month's auction level, maintaining suspense for potential buyers. 🤔💼 Meanwhile, FTX's announcement of refunds to creditors offers a glimmer of hope, with 98% set to be paid out at a rate of 118% following court approval. 📈🤝
Hold on to your seats, crypto enthusiasts, as the FTX asset sale saga continues! 🚀🌟#FTXAuction#CryptoDrama#SOLAdventure💼🔒