PANews reported on October 7 that according to The Block, the discounted token sales in FTX's bankrupt assets continue to attract investors' attention. Investors have snapped up millions of tokens from multiple projects, betting that these assets are undervalued and may bring long-term upside. For example, FTX's largest asset holding is 41 million locked SOL, currently worth about $6 billion. The asset manager sold these tokens in batches at a discount of $64 to $110 in April and May, and investors who bought them, such as Pantera Capital, Galaxy Trading, and Figure Markets, have already made book profits; FTX Asset Manager plans to auction 22.3 million locked Worldcoin (WLD) tokens, worth about $38 million. Although some investors have expressed concerns about the length of the lock-up period, the auction is still highly competitive, and WLD was sold at a price of "slightly above $1." WLD is currently trading at about $1.78; FTX Asset Manager also sold Metaplex (MPLX) tokens, and several crypto funds subsequently purchased these tokens from Wave Digital Assets at a discount.
Investors say they are focused on high-quality assets and projects led by visionary founders. Despite the risks, the appeal and potential gains of discounted tokens make these investment opportunities worth considering for many investors.
