Potential bidders say FTX will auction more Solana tokens this week

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Bitget2024/04/24 00:34

By:Bitget

PANews reported on April 24th, according to Bloomberg, insiders revealed that the bankrupt FTX cryptocurrency exchange plans to auction an undisclosed amount of Solana tokens from its bankruptcy assets again this week. The next batch of SOL will be "blind auctioned". An insider stated that the auction deadline is Wednesday and the results will be announced on Thursday. In its recent monthly operation report, FTX disclosed that it sold approximately $307.6 million worth of SOL and ZBC tokens in March. The sales situation for April has not yet been announced. The spokesperson for the bankruptcy assets declined to comment.

Possible bidders include Figure markets, Pantera Capital, and Abra. Figure stated on its website that it is raising funds through a special purpose vehicle (SPV) to bid for tokens. Abra CEO Bill Barhydt said in an interview that the trading platform will also bid. Insiders revealed that Pantera won part of early sales and intends to participate in the latest sale; the company is weighing whether to bid by itself or through SPV.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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