FTX Estate Offloads $1.9 Billion Worth Of Locked Solana (SOL) Tokens In Sale
Summary
FTX bankruptcy trustees sold about two-thirds of a $2.6 billion stash of Solana (SOL) at a discounted price, generating up to $1.9 billion. Galaxy Trading and Pantera Capital were involved in the deal. The tokens sold are locked for four years, impacting SOL's price. FTX co-founder Sam Bankman-Fried, currently incarcerated, supported SOL. The sale has attracted interest from prominent figures and raised concerns among creditors about under-compensation due to the surge in SOL's price. The current price of SOL is $175, reflecting a recent decrease.
