"FTX Bankruptcy Foundation Sells 41 Million SOL... Additional Unlock Scheduled for March-April"
Summary
- The FTX bankruptcy foundation has sold 41 million Solana (SOL) through auction.
- An additional 12 million SOL are scheduled to be unlocked in March-April this year.
- Galaxy Digital purchased 25.5 million SOL at $64 per token, while other investors bought at different prices.
The FTX bankruptcy foundation has reportedly sold 41 million Solana (SOL) tokens through auction, which were previously held by the bankrupt cryptocurrency exchange FTX.
On the 13th, Sunil Kavuri, representative of FTX's largest creditor group, announced through his X (formerly Twitter) that "The FTX bankruptcy foundation has sold 41 million locked SOL through three auctions" and added that "12 million SOL are scheduled to be unlocked in March-April this year."
Specifically, Galaxy Digital purchased 25.5 million SOL at $64 per token. Additionally, investors including Pantera acquired 13.67 million SOL at $95 per token, while Figure and other investors purchased 1.8 million SOL at $102 per token.
Meanwhile, FTX had previously sold 14 million Solana tokens in the $20-30 price range.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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