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Learning & News => News related to Crypto => Topic started by: sirty143 on April 06, 2024, 06:28:28 AM

Title: FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scru
Post by: sirty143 on April 06, 2024, 06:28:28 AM
FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny

In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens... See more for yourself here (https://news.bitcoin.com/ftx-nets-1-9b-in-solana-sale-at-64-per-sol-discount-price-draws-creditor-scrutiny/).

Your opinion is greatly appreciated.
Title: Re: FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scru
Post by: SamReomo on April 07, 2024, 06:50:51 AM
That's a pretty cheap price for a Solana. The ones who bought those Solana are the lucky ones because at present the value of one Solana is $180.

So they bought it at around 1/3rd the price of Solana and that's a bang in buck for them.

Those investors were quite lucky because getting a Solana at that rate is really a great thing to have.

Solana will grow to very good values in this bull run and those investors will be quite lucky if Solana reaches $500 per coin.
Title: Re: FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scru
Post by: TomPluz on April 07, 2024, 11:33:09 AM
Quote from: SamReomo on April 07, 2024, 06:50:51 AM
That's a pretty cheap price for a Solana. The ones who bought those Solana are the lucky ones because at present the value of one Solana is $180.

Indeed, buyers of the said big amount of SOL are quite so lucky as they are now bound to get incredibly good ROI based on the current $180 price of the said asset. And that can be the reason why some are asking for an investigation with the matter maybe as to who made the valuation of those SOL and who made the final decision for the sale as the price was obviously so below the market price...in my opinion they could have asked at least more than $100 and there will still be many buyers willing to shell out for the price. Anyway, let's hope the proceeds can go to the hands of the people who lost money in FTX so they can recover some part of their investments. The FTX debacle is always a big reminder that here in cryptocurrency human nature abounds and nobody should be trusted by anyone fully so that accountability should be established in the first place.