Galaxy Trading Purchases Discounted SOL Tokens from FTX Estate

Friday, 5 April 2024, 18:18

In a recent report, it was revealed that Galaxy Trading has set up a $620 million fund to acquire the locked up SOL from the FTX estate at a discounted rate of $64 per token. This move signifies a significant shift in the market dynamics surrounding Solana and showcases the interest of institutional investors in acquiring decentralized tokens.
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Galaxy Trading Purchases Discounted SOL Tokens from FTX Estate

Galaxy Trading Acquires Discounted SOL Tokens

In an intriguing development, Galaxy Trading has established a $620 million fund to purchase the discounted SOL from the FTX estate. This acquisition, executed at a rate of $64 per token, highlights the growing trend of institutional investors showing interest in decentralized tokens.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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