Bankrupt FTX Sells Discounted Solana Tokens as Part of Liquidation Process

• FTX estate sells $2.6 billion in Solana tokens at a discount
• Solana’s market metrics indicate mixed signals, with RSI at 53.56 suggesting stability and KST indicating it may be oversold.
• FTX’s liquidation includes $255 million in real estate, notably a Nassau penthouse and 15 Albany properties worth $140 million.

Bloomberg Crypto reports that the estate of the bankrupt crypto exchange FTX concluded the sale of $2.6 billion worth of Solana tokens at a discount. Figure Markets and Pantera were among the buyers. Figure Markets purchased 784,000 SOL tokens for $80 million, averaging $102 per token. 

This transaction occurred amid a volatile market, with Solana’s price currently at $165.73. The 24-hour trading volume for Solana stands at $5,796,391,450, reflecting a 4.91% decline. Solana’s current market cap is $74,463,869,286, with a circulating supply of 449,294,866 SOL coins.

Subsequently, technical indicators for Solana suggest va…

The post Bankrupt FTX Sells Discounted Solana Tokens as Part of Liquidation Process appeared first on Coin Edition.