CDS Crypto News FTX Locked Solana Sale to be Realized for $7.5 Billion
Crypto News

FTX Locked Solana Sale to be Realized for $7.5 Billion

The FTX locked Solana sale is being conducted by Galaxy Digital Holdings.

33
FTX Locked Solana Sale to be Realized for $7.5 Billion

Crypto News – According to a report from The Block, the FTX bankruptcy estate is asking $7.5 billion for 41 million locked Solana tokens.

FTX Locked Solana Sale to be Realized for $7.5 Billion

Galaxy Asset Management, a subsidiary of Galaxy Digital Holdings, is handling these token sales. Galaxy Trading, another subsidiary of the company, is allegedly putting in a bid for the estate’s locked SOL holdings.

In a public announcement on Wednesday, Canadian crypto infrastructure company Neptune Digital stated that they had successfully completed a strategic acquisition of 26,964 SOL for $64 per token, which is 67% less than the token’s current market value. A linear delivery timetable for the remaining tokens will run until January 2028, according to Neptune, with 20% of the total being released in March 2025.

FTX Locked Solana Sale to be Realized for $7.5 Billion
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

19 April Crypto News- What Happened Crypto Markets Today

Stay in the loop with the latest in crypto! Get the scoop...

BTC vs. ETH Fees: Reasons Why Bitcoin Fees Have Soared in the Last 24 Hours

Bitcoin took the lead in the BTC vs. ETH fees battle.

BTC Halving 2024: Bitwise CEO Anticipates Bitcoin’s Price Rallying to 100K Dollars

Bitwise CEO Hunter Horsley revealed that a number of RIAs and multi-family...

Google Platform Exploited by Scammers to Push Phishing Site

The perpetrators have allegedly registered numerous domains mimicking Whales Market.