In a final move concluding weeks of auctions, the estate of the bankrupt crypto exchange FTX has completed the sale of $2.6 billion worth of deeply discounted Solana (SOL) tokens.
The latest buyers in this high-stakes auction included prominent firms Figure Markets and Pantera Capital.
FTX’s selloff
According to a Bloomberg report, Figure Markets acquired a substantial block of 800,000 Solana tokens for approximately $80 million, paying an average of around $102 per token. This represents a significant discount compared to the market price of about $166 at the time of purchase.
Pantera Capital also participated in the auction, though details about their purchase price remain undisclosed. The sale of FTX’s Solana tokens began in April after receiving court approval.
According to two other sources who requested anonymity, Figure paid about $80 million for a block of 800,000 coins because the auction results are not…
