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Pantera Acquires Additional Solana Tokens in FTX’s Individual bankruptcy Auction
While the nitty-gritty information of the auction are even now below wraps, Pantera Capital, together with huge names like Galaxy Electronic, experienced beforehand invested a whopping $1.9 billion in SOL tokens previously this thirty day period. What is actually exceptional is that these tokens were being snagged at a steal for just $64 just about every, a considerable markdown from the common market rates.
It truly is no surprise that Pantera was on the transfer, as studies indicated they have been in the process of elevating cash last month to safe up to $250 million in locked Solana tokens.
Pantera’s strategic selection to dive into Solana is obviously having to pay off, many thanks to the electronic asset’s outstanding price tag general performance and enhanced adoption in the past year. The enterprise capital’s Liquid Token fund noticed a significant 66% development in the very first quarter, all thanks to investments in Solana and other promising altcoins like Ribbon Finance, Aevo, and Stacks.
On the flip facet, FTX has been experiencing some warmth for promoting off electronic property from its individual bankruptcy estate, with collectors voicing issues about the influence on their holdings’ price. As a outcome, creditors are remaining urged to join in the individual bankruptcy estate’s auction of its remaining Solana tokens.
It really is still up in the air no matter if FTX lenders had been associated in the latest auction round.
Introducing Pantera’s most up-to-date crypto fund!
In parallel to its new Solano token grab, Pantera Funds is gearing up to increase in excess of $1 billion for its newest enterprise, the Pantera Fund V, a adaptable investment decision chance for a variety of blockchain belongings.
The fund, as in-depth on Pantera’s formal web site, will disburse investments across enterprise fairness, early-stage tokens, and liquid money. This marks a change from Pantera’s earlier offerings, like the Liquid Token Fund and Bitcoin Fund, showcasing a extra expansive expense method.
Associates are invited to dedicate a bare minimum of $25 million, even though capable investors can get in on the action with a bare minimum investment of $1 million.
