Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana ( SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $1.9 billion and $2.6 billion in total, with significant interest from major crypto-focused firms. Figure Markets plans to create a Special Purpose Vehicle (SPV) to participate in the auction, aiming to attract both non-US and accredited US investors, amidst the cryptocurrency community’s eager anticipation for the potentially discounted assets.
FTX Estate Plans Auction for Locked Solana Tokens
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
