FTX will sell the next batch of Solana tokens through auction

  • FTX is preparing to put up for sale a new batch of digital asset Solana.
  • Due to the high demand for tokens, the exchange intends to sell them through an auction.
  • The company has already sold two-thirds of the total Solana volume on its balance sheet, which was valued at $2.6 billion.

Failed cryptocurrency exchange FTX continues to convert its digital assets into cash. The company is preparing for sale a new batch of Solana (SOL) tokens, which it intends to sell during the auction.

This information was confirmed by the CEO of the Figure Markets platform, Mike Cagney.. His company will participate in the upcoming auction through a specially created subsidiary. Figure Markets invites any investor outside the United States, as well as accredited persons from the United States, to join in the process of purchasing Solana from FTX.

Earlier it became known that the collapsed exchange, founded by Sam Bankman-Freed, sentenced to 25 years in prison, sold up to 30 million SOL to several large companies. Among them are Galaxy Digital, Pantera Capital and Neptune Digital Assets Corp.. It is alleged that the exchange sold tokens at a rate of $60 and received from $1.6 billion to $1.9 billion for them.

Some analysts believe that it was the successful sale of previous batches of the Solana asset that forced FTX to change the scheme. In order to increase revenue, the company wants to sell the remainder of the tokens through an auction, details of which will become known in the near future, they noted.

. Источник: TradingView.” class=”wp-image-224374″ srcset=” 1614w,×162.png 300w,×555.png 1024w,×416.png 768w” sizes=”(max-width: 1614px) 100vw, 1614px”>График SOL/USD на бирже Coinbase. Источник: TradingView.График SOL/USD на бирже Coinbase. Source: TradingView

At the time of writing, the Solana rate is at $155, according to TradingView. Over the past week it has grown by 2.47%, and over the past three months the figure has increased by 85.3%.. The market capitalization of the asset is $69.3 billion.

Let us remind you that we wrote that FTX creditors will begin to receive the first payments by the end of 2024.