% 0.20
BTC Dominance:
% 0.09
Market Cap:
$2.37 T
% 0.16
Fear & Greed:
60 / 100
$ 65.006
BTC Dominance:
% 54.2
Market Cap:
$2.37 T

Pantera Capital Wins Solana Token Bid in FTX Bankruptcy Sale

Pantera Capital Solana

According to Bloomberg, Pantera Capital, which has assets under management of $5.2 billion, has outbid other rival bidders to buy a large amount of Solana tokens from the FTX bankruptcy estate.

Pantera was one of the winners, with over 2,000 Solana tokens being sold this week, as reported today by Bloomberg by a person who is familiar with the situation.

The 41 million Solana locked on FTX is sought after. When it went under, Solana tokens represented the highest percentage of FTX’s crypto assets. Pantera introduced a crowdfunding campaign in early March to purchase the desert land from the estate for a bidding price of up to $250 million.

Earlier this month, FTX’s estate sold SOL to industry behemoths Pantera and Galaxy Digital for nearly $1.9 billion.

As of this writing, SOL is trading at approximately $144, a decrease of 2.92% from the previous 24 hours.

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