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%
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.
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