GMTrade today announced its plan to acquire the Solana perpetual contract trading platform Flash Trade, and intends to airdrop GT Points to FAF holders and Flash Trade liquidity providers (LPs). The specific snapshot date is yet to be determined. Previously, Flash Trade said that if it failed to find a suitable acquirer, the platform would gradually cease operations and distribute the proceeds proportionally to FAF holders, with the team not participating in the distribution. As of the time of writing, Flash Trade has not issued an official response to the acquisition offer.