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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

Solana and JasmyCoin: Crypto Analysts See Potential for Price Rebound

Solana and JasmyCoin: Crypto Analysts See Potential for Price Rebound

Crypto analysts are closely watching recent price fluctuations in Solana (SOL) and Ja...
Jun, 14, 2024
< 1 min read
by CoinEdition
Analyst Predicts Rebound for Solana’s Jito Protocol Token (JTO)

Analyst Predicts Rebound for Solana’s Jito Protocol Token (JTO)

JTO, the native cryptocurrency of Solana’s leading liquid staking pool, Jito Protocol...
Jun, 14, 2024
< 1 min read
by CoinEdition
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

Solana and JasmyCoin: Crypto Analysts See Potential for Price Rebound

Solana and JasmyCoin: Crypto Analysts See Potential for Price Rebound

Crypto analysts are closely watching recent price fluctuations in Solana (SOL) and Ja...
Jun, 14, 2024
< 1 min read
by CoinEdition
Analyst Predicts Rebound for Solana’s Jito Protocol Token (JTO)

Analyst Predicts Rebound for Solana’s Jito Protocol Token (JTO)

JTO, the native cryptocurrency of Solana’s leading liquid staking pool, Jito Protocol...
Jun, 14, 2024
< 1 min read
by CoinEdition