SBF: Used Alameda profits and third-party loans to purchase SOL at a unit price of US$0.20

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Cointime2023/10/28 01:21

By:Cointime

SBF revealed during his criminal trial testimony that he began buying SOL very early on, at a price of $0.20 per coin. Regarding how he paid for his investment costs, he stated during questioning by his lawyer that the funds came from Alameda's operating profits and third-party loans. Due to the close relationship between SOL and SBF, SOL was once referred to as "Sam Coin". He and FTX made significant investments in the Solana ecosystem and heavily promoted the Solana brand before FTX went bankrupt in November of last year. According to the OKX market data from Europe, SOL reached its all-time high of $259.69 USDT in November 2021. SOL is currently trading at $31.846 USDT, with a 24-hour decrease of 2.12%.

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