The FTX estate is finalizing its second tranche of sales of locked Solana tokens, with bids around the $100 mark going through, according to five sources.
Bids for the locked Solana ranged from $85 to $110, three sources said, claiming that bids at $95 and above went through. Two sources were skeptical that bids as low as $85 made it through. A token price of $95 represents a 26% discount to current prices, while a price of $110 corresponds to a 15% discount.
Pantera Capital purchased more locked Solana in the latest auction, according to Bloomberg, citing a person familiar with the sale. Like the rest of the locked Solana on offer, the tokens are subject to a four-year vesting schedule.The next auction will start on May 1, according to Figure Markets CEO Mike Cagney. Figure Markets is creating a special purpose vehicle to bid for the locked SOL in upcoming auctions. Its website says the investment vehicle is open to non-U.S.
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