- FTX estate sells $2.6 billion in Solana tokens at a discount
- Solana’s market metrics indicate mixed signals, with RSI at 53.56 suggesting stability and KST indicating it may be oversold.
- FTX’s liquidation includes $255 million in real estate, notably a Nassau penthouse and 15 Albany properties worth $140 million.
Bloomberg Crypto reports that the estate of the bankrupt crypto exchange FTX concluded the sale of $2.6 billion worth of Solana tokens at a discount. Figure Markets and Pantera were among the buyers. Figure Markets purchased 784,000 SOL tokens for $80 million, averaging $102 per token.
The estate of bankrupt crypto exchange FTX concludes sales of a $2.6 billion trove of discounted Solana tokens, with Figure Markets and Pantera among the buyers https://t.co/qv0UrHcxxY— Bloomberg Crypto (@crypto) May 24, 2024
This transaction occurred amid a volatile market, with Solana’s price currently at $165.73. The 24-hour trading volume for Solana stands at $5,796,391,450, reflecting a 4.91% decline. Solana’s current market cap is $74,463,869,286, with a circulating supply of 449,294,866 SOL coins.
Subsequently, technical indicators for Solana suggest va…
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