Pantera, Figure Markets Buy Last of Discounted FTX Solana
- Figure Markets paid $102 per token, a steep discount to market
- FTX estate has been auctioning off SOL tokens for weeks
Solana branding.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
After weeks of auctions, the estate of bankrupt crypto exchange FTX concluded sales of a $2.6 billion trove of deeply discounted Solana tokens, with Figure Markets and Pantera Capital among the latest buyers.
Figure paid about $80 million for a block of 800,000 coins, according to two people familiar with the matter who asked not to be identified because the auction’s results are not public. One person added that Figure paid roughly $102 per token, a steep discount to the market price. The price of Solana tokens fell 4% to about $169 as of 2:10 p.m. in New York.