FTX Estate Sells Over Half Its Solana Holdings at 63% Discount, Raising $1.9 Billion

In a recent development reported by Bloomberg on April 5, the FTX estate has notably sold a significant portion of its Solana (SOL) tokens, specifically over half, at a substantial 63% discount from their current market value. This sale is pivotal as SOL tokens are considered the main assets of the now-defunct exchange. The transaction attracted attention from several prominent players in the financial world, including asset managers and venture capitalists like Galaxy Trading and Pantera Capital, as shared by sources familiar with the situation. FTX, which previously backed Solana as an early investor, disposed of 25 to 30 million