Solana

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Pantera Capital is reportedly <a href="https://twitter.com/News_Of_Alpha/status/1765699059631702021" rel="noopener noreferrer nofollow">raising funds</a> to purchase a significant amount of Solana tokens from the bankrupt estate of FTX, the digital asset exchange.&nbsp;
According to Bloomberg, Pantera Capital, which manages $5.2 billion in assets, is hoping to acquire up to $250 million worth of SOL tokens.&nbsp;
This acquisition could represent a substantial share of the tokens owned by FTX, offering a discounted rate to investors willing to commit to a four-year vesting period.
<h2 id="strategic-acquisition-and-market-impact">Strategic acquisition and market impact&nbsp;</h2>
Pantera's initiative to secure a large stake in Solana stems from the available 41.1 million <a href="https://u.today/solana-sol-stakers-to-get-exciting-rewards-from-major-crypto-exchange" rel="noopener noreferrer nofollow">SOL tokens</a> within the FTX estate.&nbsp;
By acquiring these tokens at a 39% discount, Pantera aims to provide its investors with a lucrative opportunity while also assisting FTX liquidators in reallocating assets to creditors without destabilizing the token's market value.&nbsp;
This move is particularly significant given Solana's impressive performance on the cryptocurrency market, which has seen a nearly 650% increase over the past year.
Pantera Capital, founded by Dan Morehead, a former head at Tiger Management, has a rich history of pioneering in the cryptocurrency investment space.&nbsp;
The firm launched the United States' first cryptocurrency fund in 2013 and has been a leader in blockchain venture funding. Its portfolio management strategy spans passive, hedge and venture investments in digital currencies and blockchain technology.
<h2 id="solana-s-price-performance">Solana's price performance &nbsp;</h2>
Solana's market value has shown remarkable growth. It has surged by a whopping 14% in the last 24 hours alone. It is currently trading at $147.05, according to CoinGecko <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">data</a>.
This surge is part of a broader trend that saw the cryptocurrency's value multiply following the FTX collapse in November 2022.&nbsp;
It is currently the fifth biggest cryptocurrency by market capitalization, according to CoinGecko. &nbsp;

Pantera Plans to Acquire Large Solana Stake From FTX Estate

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