Figure Markets CEO confirms FTX’s auction of remaining locked Solana (SOL)

ftx to auction remaining locked solana sol

FTX, Solana (SOL), auction, Figure Markets, SPV, investment, cryptocurrency, community-driven approach, Pantera, Galaxy Digital, volatile nature, risk management

FTX cryptocurrency exchange is set to auction the remaining locked Solana (SOL) tokens after a previous sale garnered significant interest from buyers. Figure Markets has confirmed its participation in the auction by introducing a Special Purpose Vehicle (SPV) for investors. The SPV allows investors to use USD, USDC, BTC, or ETH to participate in the auction and have a say in bid prices and management decisions. FTX’s previous sale of Solana tokens to industry giants like Pantera and Galaxy Digital was successful, generating around $2.6 billion in revenue. However, the volatile nature of cryptocurrencies requires careful consideration and risk management, as unlocking large amounts of tokens could lead to a surplus in supply and potential price decreases.
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