Crypto asset supervisor Pantera Capital has reportedly gained a bid to buy discounted Solana (SOL) from bankrupt crypto change platform FTX.
In keeping with a brand new report by Bloomberg, an nameless particular person accustomed to the matter says that Pantera gained a bid to buy a reduced stash of the Ethereum (ETH) rival.
Although the small print of the deal haven’t been made public but, the particular person says that 2,000 SOL tokens had been offered this week. Earlier in April, FTX offered about 66% of its $2.6 billion trove of SOL at a reduced value of about $60.
SOL is buying and selling for $142 at time of writing, a 1.85% lower over the past 24 hours. On November 1st, SOL was buying and selling for simply $41.40.
The report says that the Solana offered by FTX is locked by an agreed-upon vesting interval and should be held for at the very least 4 years.
Although the precise specifics of the sale are at present unknown, the nameless supply mentioned that the tokens had been every offered at a better value than they went for over the past public sale, which was $60.
In March, Pantera introduced that it was going to fundraise $250 million as a method of buying Solana from the failed digital asset change. The agency initially deliberate to have the cash by February however couldn’t meet that deadline.
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