Pantera Capital Makes Major Solana Acquisition In 2,000 SOL Auction From FTX

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As a researcher with a background in the blockchain industry and experience following the developments of major players in the space, I find Pantera Capital’s continued interest in expanding its Solana portfolio through the recent private auction particularly noteworthy. The successful acquisition of approximately 2,000 SOL tokens follows an earlier deal where the FTX estate sold a significant portion of its Solana holdings at a discounted rate.

Pantera Capital, a prosperous asset management company, has been named as one of the victors in an auction for discounted Solana (SOL) tokens that were being sold off by the liquidators handling the insolvency proceedings of the defunct FTX digital currency exchange.

The roughly 2,000 SOL tokens sold represent Pantera Capital’s ongoing commitment to growing their Solana investment holdings.

FTX Sells Additional Locked Solana Tokens In Private Auction

I’ve obtained information from a reliable source who confirms the occurrence of an auction, yet to be made public with its specifics. This source, who asked for anonymity when speaking to Bloomberg, did not disclose any additional details about the parties involved or the terms of the sale. Neither Pantera Capital nor the FTX estate’s representatives have commented on this recent transaction as of now.

As a crypto investor, I’ve noticed that the FTX estate recently completed another significant transaction following an earlier sale this month. In that prior deal, they disposed of a large chunk of their $2.6 billion worth of Solana tokens at a reduced price.

As a researcher, I’ve discovered that Pantera Capital and Galaxy Digital emerged as victors in the recent auction proceedings, based on reliable sources’ information.

Approximately 41 million SOL tokens from the FTX estate are now secured under a previously arranged release schedule. Consequently, these tokens cannot be immediately traded on the market. Instead, they will progressively come up for sale over the course of the next four years.

Based on my expertise, insiders report that the tokens were purchased this time around for a greater price than in the prior auction, where each token went for around $60.

Pantera Capital Aims To Launch Pantera Fund V 

As a crypto investor following the latest developments in the industry, I’m excited to share that Pantera Capital is reportedly planning to launch a new fund called “Pantera Fund V.” Based on Bloomberg’s report, this fund aims to raise over $1 billion from investors. The primary objective of this fund is to offer a broader range of investment opportunities within the blockchain asset class. This includes investing in startup equities, early-stage tokens, and liquid tokens. By doing so, Pantera Fund V seeks to cater to the diverse needs and risk profiles of various investors in the crypto space.

If the fundraising campaign is successful, the Pantera Fund V will become the largest fund to be raised within the blockchain industry since the turbulent time of bankruptcies in 2022.

I. As an analyst:

As a researcher delving into this topic, I’ve come across some sources who, for reasons of confidentiality, chose to remain anonymous. They hinted that the Pantera Fund V is predicted to attain a comparable scale as its previous version, which garnered around $1.25 billion in investments two years prior.

Pantera Capital Makes Major Solana Acquisition In 2,000 SOL Auction From FTX

At present, the price of Solana’s native token, SOL, hovers around $144 per token, representing modest changes from Thursday’s trading. Notably, SOL has experienced a remarkable increase of over 500% since the beginning of the year, leading to a substantial market capitalization valued at $64 billion.

Based on the latest information from CoinGecko, I’ve witnessed impressive growth with Solana that has catapulted it into the fifth position among the top ten cryptocurrencies by market capitalization.

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2024-04-26 21:11