Figure Markets and Pantera Capital Secure $2.6 Billion Worth of Discounted Solana Tokens from FTX
Friday, 24 May 2024, 19:55
FTX's Bankruptcy and Recovery Efforts
Figure Markets and Pantera Capital have acquired $2.6 billion discounted Solana tokens from FTX, marking a significant milestone in FTX's recovery plan. The sale attracted key buyers, emphasizing the urgency of liquidation efforts amidst market challenges.
Key Highlights:
- Figure Markets: Purchased 800,000 Solana tokens for $80 million, significantly below market value.
- Pantera Capital: Participated in the auction, underscoring long-term investment confidence in Solana.
- Market Response: Despite the significant discount, Solana's price remains stable post-sale.
This development signifies a positive outlook for FTX's recovery plans, backed by proactive asset liquidation and strategic acquisitions.
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.