Pantera Capital is looking to purchase $250 million worth of SOL tokens.
SOL bulls are awake and active as $200 is in view according to on-chain analysis
Billion-dollar asset management firm Pantera Capital is making plans to purchase a large portion of SOL from the now-bankrupt FTX estate.
Bloomberg revealed the new development in a report, explaining that the $5.2 billion asset manager is tapping top investors to aid its operations. The asset manager is looking to investors to fund its Pantera Solana Fund. The fund is well-positioned to purchase as much as $250 million worth of SOL tokens from the FTX estate which currently holds around 41.1 million SOL coins.
The firm reportedly shared its plans in a material sent to investors back in February. Investors have the opportunity to purchase SOL at a 39% discount from its 30-day average price of $59.95, which is currently less than half its current price.
Additionally, if the proposal is successful, it could make room for FTX liquidators

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