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Home»ADOPTION NEWS»Pantera Acquires Additional Discounted Solana Tokens in FTX Bankruptcy Auction: Report
ADOPTION NEWS

Pantera Acquires Additional Discounted Solana Tokens in FTX Bankruptcy Auction: Report

By Crypto FlexsApril 26, 20242 Mins Read
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Pantera Acquires Additional Discounted Solana Tokens in FTX Bankruptcy Auction: Report
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Posted 1 minute ago In ~

Updated: April 26, 2024, 3:17 AM EDT

Pantera Capital is $5.2 billion in assets under management has won a bid for another of Solana’s assets. brush

-2.83%
) According to Bloomberg, the token came from the FTX bankruptcy estate.

Pantera was one of the bid winners, and approximately 2,000 Solana tokens were sold this week, Bloomberg reported today, citing sources familiar with the matter.

With 41 million units locked on FTX, Solana has seen strong demand. Solana tokens accounted for the largest percentage of cryptocurrency holdings at the time of the FTX collapse. As of early March, Pantera was reportedly raising funds to purchase a locked-up Solana worth up to $250 million from the property.

Earlier this month, FTX’s assets sold approximately $1.9 billion worth of SOL to industry players including Galaxy Digital and Pantera.

According to The Block’s pricing page, Solana is trading at around $143 at the time of publication, down 2.35% in the last 24 hours.

Pantera did not immediately respond to The Block’s request for comment.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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