FTX to sell the next batch of Solana tokens through an auction
The failed cryptocurrency exchange FTX continues to convert its digital assets into cash. The company is preparing a new batch of Solana (SOL) tokens to be sold at an auction.
This information was confirmed by Mike Cagney, CEO of the Figure Markets platform. His company will participate in the upcoming auction through a specially created subsidiary. Figure Markets offers any investor outside the United States, as well as accredited persons from the United States, to join the process of buying Solana from FTX.
Earlier it became known that the failed exchange, founded by Sam Bankman-Fried, who was sentenced to 25 years in prison, sold up to 30 million SOL to several large companies. Among them are Galaxy Digital, Pantera Capital, and Neptune Digital Assets Corp. It is claimed that the firm sold the tokens at $60 and received between $1.6 billion and $1.9 billion for them.
Some analysts believe that it was the successful sale of previous batches of the Solana asset that forced FTX to change the scheme. In order to increase revenue, the company wants to sell the remaining tokens through an auction, the details of which will be announced soon, they said.
At the time of writing, Solana's price is currently at $155, according to TradingView. It rose by 2.47% over the past week, and over the past three months, the figure has increased by 85.3%. The asset's market capitalization is $69.3 billion.
FTX creditors will start receiving the first payments by the end of 2024
$SOL
The failed cryptocurrency exchange FTX continues to convert its digital assets into cash. The company is preparing a new batch of Solana (SOL) tokens to be sold at an auction.
This information was confirmed by Mike Cagney, CEO of the Figure Markets platform. His company will participate in the upcoming auction through a specially created subsidiary. Figure Markets offers any investor outside the United States, as well as accredited persons from the United States, to join the process of buying Solana from FTX.
Earlier it became known that the failed exchange, founded by Sam Bankman-Fried, who was sentenced to 25 years in prison, sold up to 30 million SOL to several large companies. Among them are Galaxy Digital, Pantera Capital, and Neptune Digital Assets Corp. It is claimed that the firm sold the tokens at $60 and received between $1.6 billion and $1.9 billion for them.
Some analysts believe that it was the successful sale of previous batches of the Solana asset that forced FTX to change the scheme. In order to increase revenue, the company wants to sell the remaining tokens through an auction, the details of which will be announced soon, they said.
At the time of writing, Solana's price is currently at $155, according to TradingView. It rose by 2.47% over the past week, and over the past three months, the figure has increased by 85.3%. The asset's market capitalization is $69.3 billion.
FTX creditors will start receiving the first payments by the end of 2024
$SOL
