Next Batch Of Locked Solana Tokens To Be Sold By FTX Estate

Next Batch Of Locked Solana Tokens To Be Sold By FTX Estate
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The estate of the bankrupt crypto exchange FTX is preparing for another significant disposition of assets, this time involving locked Solana (SOL) tokens. Unlike prior transactions, this batch of Solana tokens will be sold through an auction process, a departure from the fixed-price sales previously conducted.
According to Mike Cagney, CEO of Figure Markets, a decentralized financial services firm, the estate will reveal the exact details of the auction today. The decision to opt for an auction rather than a fixed-price sale reflects a strategic pivot designed to potentially maximize returns for the estate’s creditors.
How Much Are The Solana Tokens Selling For This Time?
The last transaction involving Solana tokens by the FTX estate brought in $1.9 billion, with the tokens priced at approximately $64 each, in stark contrast to Solana’s current market value of around $150, representing a 67% discount to its market value at the time. As FTX disclosed in the summer of 20

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