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Figure CEO: The next batch of locked Solana tokens from FTX's bankruptcy estate will be sold at auction.

Sep 12, 2024 17:54:03

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ChainCatcher news, according to The Block, the next batch of locked Solana tokens from the FTX bankruptcy estate will be sold through an auction rather than at a fixed price, and these tokens have attracted significant interest from buyers.

According to Figure CEO Mike Cagney, following the sale of Solana tokens for $1.9 billion to companies like Galaxy Digital and Pantera, the next batch will be auctioned. Figure Markets plans to create a special purpose vehicle for non-U.S. investors and qualified U.S. investors to participate in this auction. The specific details of the sale have not yet been disclosed, and FTX did not immediately respond to requests for comment.

It is reported that this batch of locked Solana tokens represented the largest proportion of its digital asset holdings at the time of the FTX bankruptcy, and has attracted strong interest from buyers willing to take risks and purchase these tokens at a discount, as they may not be sellable until some future date. The last time FTX sold about two-thirds of its reserves of Solana tokens, it generated $2.6 billion in revenue at a price of approximately $60 per token.

Currently, the price of Solana hovers around $150.

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