Solana

Galaxy

Coin

<ul class="news-points">
 <li>FTX is set to sell another batch of its SOL holdings via an auction.&nbsp;</li>
 <li>The sale will not happen at a set price like the previous ones.</li>
 <li>The firm recently sold $1.9 billion and $2.6 billion worth of SOL tokens.</li>
</ul>
Bankrupt digital asset trading platform, FTX, is set to offload its locked Solana (SOL) bag via an auction, confirmed by Mike Cagney, the co-founder and CEO of Figure Markets, a decentralized platform built for traders and investors.&nbsp;
The crypto space has set its eyes on the next sale of the locked SOL tokens, and Cagney<a href="https://twitter.com/mcagney/status/1781804464028139848" target="_blank" rel="noopener noreferrer nofollow"> confirmed</a> that the sale will not happen at a fixed price for the entire holding but will take place via an auction.&nbsp;
Further, Cagney’s Figure Markets intends to<a href="https://www.figuremarkets.com/figure-markets-sol-opportunity/#exciting-opportunity" target="_blank" rel="noopener noreferrer nofollow"> create</a> a Special Purpose Vehicle (SPV) to compete in upcoming SOL auctions from the FTX estate. The SPV will be available to any non-US investor (subject to KYC) and to accredited US investors.
The FTX estate recently carried out the sale of $1.9 billion worth of SOL tokens, which were bought by leading crypto-focused firms such as Mike Novogratz’s Galaxy Digital and Pantera Capital.&nbsp;
The stash of locked Solana tokens, which formed the bulk of FTX’s digital assets bef…
The post <a href="https://coinedition.com/ftx-estate-to-proceed-with-the-sale-of-locked-solana-tokens-via-auction-2/" rel="noopener noreferrer nofollow">FTX Estate to Proceed With the Sale of Locked Solana Tokens via Auction</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX Estate to Proceed With the Sale of Locked Solana Tokens via Auction

Coin Edition

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