The second round of FTX lock-up SOL auction ended, with a transaction price of about $100
2024-04-30 15:18:07
FTX asset disposers are finalizing a second auction of locked Solana (SOL) tokens, which sold for around $100. Following the first large-scale auction in March, the auction involved 1.80 million SOL (about $232 million). It is reported that the successful bid price is between $95 and $110 per token, which is about 15% to 26% off the spot price. Galaxy Trading once again raised funds from investors to participate in the bidding for the locked SOL held by FTX. Pantera Capital also bought more locked SOL in the latest round of auctions. Lock-up tokens that win the bidding are subject to a 4-year unlocking period. The next auction will begin on May 1.
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