FTX Completes $2.6 Billion Solana Token Sale Amid Bankruptcy

The estate of the bankrupt crypto exchange FTX has finalized the sale of $2.6 billion worth of Solana (SOL) tokens, marking the end of a series of auctions. This significant transaction saw participation from notable investment firms, including Figure Markets and Pantera Capital.



High-Stakes Auction Details



According to Bloomberg, Figure Markets secured a substantial block of 800,000 Solana tokens for approximately $80 million, averaging around $102 per token. This purchase price reflects a significant discount compared to the market value of $166 per token at the time of the transaction. Pantera Capital also acquired a portion of the tokens, though specific details of their purchase remain undisclosed. The sale commenced in April following court approval.



Anonymous sources confirmed that Figure Markets' acquisition was not


First found on: Cryptonews from Coinatory