Pantera Capital won again, acquiring more Solana (SOL) tokens in a recent FTX auction. The firm received approximately 2,000 tokens, the specifics of which are now unknown. This follows a prior victory in which Pantera and Galaxy Digital acquired a major chunk of SOL at a severe price.
The 41 million SOL tokens from FTX have been reserved and will be available to the market progressively over the next four years. Despite selling at a greater price than the last $60 auction, there are hopes for more auctions soon.
Solana's market price is hovering at $145, showing persistence with a more than 1,300% increase since last year, despite a 94% drop in 2022 due to FTX's bankruptcy fiasco.