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MainNewsBankrupt FTX...

Bankrupt FTX Sells Discounted Solana Tokens as Part of Liquidation Process


May, 24, 2024
< 1 min read
by CoinEdition
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.

Read the article at CoinEdition

Read More

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Light Protocol and Helius Labs Just Gave Solana Superpowers: Here’s How

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MainNewsBankrupt FTX...

Bankrupt FTX Sells Discounted Solana Tokens as Part of Liquidation Process


May, 24, 2024
< 1 min read
by CoinEdition
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.

Read the article at CoinEdition

Read More

Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure

Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure

A crypto market analyst predicts that an impending Ethereum ETF approval could trigge...
Jun, 25, 2024
< 1 min read
by CoinEdition
Light Protocol and Helius Labs Just Gave Solana Superpowers: Here’s How

Light Protocol and Helius Labs Just Gave Solana Superpowers: Here’s How

Solana is introducing zero-knowledge (ZK) compression directly on its Layer 1 blockch...
Jun, 24, 2024
< 1 min read
by CoinEdition