FTX estate wraps up second tranche of locked Solana sales with bids around $100 | Headlines | News | CoinMarketCap

04/30/2024 22:27
FTX estate wraps up second tranche of locked Solana sales with bids around $100 | Headlines | News | CoinMarketCap

The FTX estate is finalizing its second tranche of sales of locked Solana tokens, with bids around the $100 mark going through, according to five …

The FTX estate is finalizing its second tranche of sales of locked Solana tokens, with bids around the $100 mark going through, according to five sources.

The estate is offloading 1.8 million SOL ($232 million), according to one source, in an auction that has taken place over the last couple of weeks. The bids went through on April 25 with KYC procedures and paperwork due today, the sources said.

Bids for the locked Solana ranged from $85 to $110, three sources said, claiming that bids at $95 and above went through. Two sources were skeptical that bids as low as $85 made it through. A token price of $95 represents a 26% discount to current prices, while a price of $110 corresponds to a 15% discount.

Galaxy Trading was again raising money from investors to bid for a portion of the …

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