Bloomberg reported, citing sources familiar with the matter, that the FTX restructuring team has sold about two-thirds of the locked Solana tokens remaining in their assets. Institutions such as Galaxy Trading, Pantera Capital, and Neptune Digital Assets are said to have participated in the bidding for the assets. According to insiders, FTX sold 25 to 30 million locked SOL tokens at a price of $64 per token, raising up to $1.9 billion in funds for FTX.
It is reported that these sold SOL tokens are currently subject to a four-year lock-up period, with 20% of the tokens set to unlock in March 2025, and the remainder unlocking monthly starting in 2028. According to previous reports by Zombit, many buyers had expressed strong interest in acquiring the 41 million locked Solana tokens that were still locked in FTX’s remaining assets.
