The FTX estate sold approximately 41 million SOL (Solana) tokens to institutional buyers like Galaxy Trading, Pantera Capital, and Figure Markets at discounted prices ranging from $64 to $102. These assets are subject to a four-year vesting schedule, with the first major unlock of ~11.2 million SOL (20%) scheduled for March 1, 2025, and the remainder releasing monthly through 2028. The sentiment suggests these "discounted" auctions now look "shaky" for the buyers as the vesting period begins.

By rektmando
@yeet @rektbrands @epikduckcoin https://t.co/FvpLCBikME #1 Newsletter in Crypto: https://t.co/7EJrnNhDKV