FTX Auctions Off Solana Tokens This Week: Investors in a Buzz

• FTX plans to auction off an unspecified amount of Solana tokens this week through a “blind auction.”
• Figure Markets, Pantera Capital, and Abra are the leading bidders of FTX’s Solana auction.
• The bankrupt exchange recently sold $1.9 billion SOL, which was bought by firms like Galaxy Digital and Pantera Capital.

According to a recent Bloomberg report, the bankrupt crypto exchange FTX has decided to auction off another unspecified amount of Solana (SOL) tokens this week. People familiar with the matter revealed that a “blind auction” is scheduled for the next batch of SOL.

Kyle Chasse, a Bitcoin proponent, shared an X post on April 23, unveiling FTX’s plans for the next batch of SOL auctions. He stated, “FTX will be auctioning off its remaining SOL tokens.”

Reportedly, FTX sold almost $307.6 million of SOL and ZBC tokens in March. In a previous report dated March 29, it was unveiled that 41 million locked Solana tokens worth $7.5 billion were sold by FTX, invoking investors’ speculations.

In a recent report, Mike Cagney, the co-founder and CEO of Figure Markets, hinted at FTX’s Solana auction deal. He asserted that the sale would not take place at a fixed price for the entire holding.

The report also spotted FTX estate’s recent sale of $1.9 billion SOL tokens. These tokens were purchased by leading firms like Galaxy Digital and Pantera Capital.

As per the recent Bloomberg report, Figure Markets, Pantera Capital, and Abra are the leading bidders in the auction. Figure Markets has already signaled its interest in raising funds and purchasing the tokens. Though the platforms’ representatives were reluctant to comment, people familiar with the matter hinted at the firms’ plans to make the bid.

Meanwhile, Solana is trading at $158.64, marking a daily increase of 2.16%. Over the past 7 days, Solana has grown by more than 12%. However, the SOL token has exhibited a notable decline of 8.55% in the last 30 days.