Shiba

Solana

Neptune

Galaxy

Shiba Inu

<ul> 
 <li>Nearly $7.5 billion worth of 41 million locked-up SOL are held by the FTX estate.</li> 
 <li>The majority of FTX’s digital assets were SOL, with a small amount going to BTC, ETH, and APT.</li> 
</ul> 
In an effort to settle the debts incurred by the defunct cryptocurrency exchange, the FTX estate sold <a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">Solana</a> (SOL) tokens valued at around $1.9 billion. 
According to Bloomberg, which cites sources familiar with the case, FTX’s estate sold off almost two-thirds of the SOL lot. There were as many as 30 million SOL in the lot, and each one was valued at $64. The tokens are locked up and will take some time to become sellable, which is why they are discounted. 
<h3 class="wp-block-heading" id="h-significant-buyer-interest">Significant Buyer Interest</h3> 
Nearly $7.5 billion worth of 41 million locked-up SOL are held by the FTX estate. At the time of writing, SOL is trading at $176.54, down 3.47% in the last 24 hours as per data from CoinMarketCap. 
There was “significant buyer interest,” according to Bloomberg, which caused an FTX estate SOL auction to be postponed. Galaxy Trading, a division of Galaxy Digital, was one interested party; it had a $620 million fund set up to acquire SOL from <a href="http://ftx.com" target="_blank" rel="noreferrer noopener nofollow">FTX</a>. 
After FTX’s bankruptcy in November 2022, investors rushed to seize a portion of the company’s Solana assets. The majority of FTX’s digital assets were Solana, with a small amount going to <a href="http://bitcoin.org" target="_blank" rel="noreferrer noopener nofollow">bitcoin</a>, <a href="https://thenewscrypto.com/ethereum-fud-will-eth-lose-its-value-like-atom-and-dot/" target="_blank" rel="noreferrer noopener">ether</a>, and APT. 
With 20% of the lot unlocking in March 2025, the digital asset business Neptune Digital acquired 26,964 SOL at $64 apiece for $1.73 million, as previously announced. Moreover, Pantera had set up a $250 million fund in March in order to buy the FTX estate’s discounted Solana. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/shiba-inu-poised-for-another-1164-surge-heres-when/" target="_blank" rel="noreferrer noopener">Shiba Inu Poised for Another 1,164% Surge: Here’s When</a>

FTX Estate Reportedly Sells $1.9B Worth of Solana (SOL) to Settle Debts

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