SOL Down 3% As FTX Bankruptcy Estate Concludes Solana Token Sales
Portfolio Pulse from Murtuza Merchant
The FTX bankruptcy estate has finalized the sale of $2.6 billion worth of Solana (SOL) tokens at significant discounts. Figure Markets and Pantera Capital were among the buyers, with Figure acquiring 800,000 tokens for $80 million. Solana's price dropped by 3.3% following the news.
May 24, 2024 | 5:56 pm
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The FTX bankruptcy estate sold $2.6 billion worth of Solana (SOL) tokens at significant discounts, leading to a 3.3% drop in SOL's price.
The sale of a large volume of Solana tokens at a discount by the FTX bankruptcy estate has directly impacted the market price of SOL, causing a 3.3% drop.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100