Solana

Galaxy

<ul class="news-points">
 <li><strong>FTX plans to auction off an unspecified amount of Solana tokens this week through a “blind auction.”</strong></li>
 <li><strong>Figure Markets, Pantera Capital, and Abra are the leading bidders of FTX’s Solana auction.</strong></li>
 <li><strong>The bankrupt exchange recently sold $1.9 billion SOL, which was bought by firms like Galaxy Digital and Pantera Capital.</strong></li>
</ul>
<p>According to a recent Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-04-23/ftx-to-auction-off-more-solana-this-week-potential-bidders-say" target="_blank" rel="noopener noreferrer nofollow">report</a>, the bankrupt crypto exchange FTX has decided to auction off another unspecified amount of Solana (SOL) tokens this week. People familiar with the matter revealed that a “blind auction” is scheduled for the next batch of SOL.</p>
<p>Kyle Chasse, a Bitcoin proponent, shared an X post on April 23, unveiling FTX’s plans for the next batch of SOL auctions. He stated, “FTX will be auctioning off its remaining SOL tokens.”</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">LATEST: FTX WILL BE AUCTIONING OFF ITS REMAINING <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> TOKENS</p>— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1782810979035763095?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Reportedly, FTX sold almost $307.6 million of SOL and ZBC tokens in March. In a previous report dated March 29, it was unveiled<a href="https://coinedition.com/investor-debate-ftxs-7-5b-solana-sale-staged-offloading-or-strategic-allocation/" rel="noopener noreferrer nofollow"> that 41 million locked Solana</a> tokens worth $7.5 billion were sold by FTX, invoking investors’ speculations.</p>
<p>In a<a href="https://coinedition.com/ftx-estate-to-proceed-with-the-sale-of-locked-solana-tokens-via-auction-2/" rel="noopener noreferrer nofollow"> recent report</a>, Mike Cagney, the co-f…</p>
<p>The post <a href="https://coinedition.com/ftx-auctions-off-solana-tokens-this-week-investors-in-a-buzz/" rel="noopener noreferrer nofollow">FTX Auctions Off Solana Tokens This Week: Investors in a Buzz</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

FTX Auctions Off Solana Tokens This Week: Investors in a Buzz

Coin Edition

Other articles published on Apr 24, 2024

BlockDAG’s 30,000x Growth Potential Leads the Pack of Top Cryptos to Buy, Leaving BlastUp, SOL, O...

FLOKI Price Poised For 2-3x Bullish Rally in The Coming Days

Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement

Glassnode: "A First in History! Bitcoin Passed Gold!"

Hedge Funds Fall For The Memecoin Frenzy: “Mind-Boggling” Returns Tempt Financial Giants

Do Kwon’s lawyers again appeal extradition decision

Join our free newsletter for daily crypto updates!