Key Points:
This week, approximately 2,000 SOL tokens were offloaded, with details of the Pantera Capital Solana auction undisclosed to the public, as per the source.
Pantera Capital Solana auction follows a previous auction earlier this month, where the FTX estate managed to sell a significant portion of a $2.6 billion stash of Solana tokens at a discounted rate. Notably, Pantera Capital and Galaxy Digital participated in that deal.
The ongoing sale involves 41 million SOL tokens, subject to a predetermined vesting period spanning four years, rendering them non-tradable in the market until they gradually unlock.
Sources familiar with the recent sale indicate that the tokens fetched a higher price compared to the previous auction, which garnered approximately $60 per token.
Meanwhile, Pantera Capital is also gearing up to launch Pantera Fund V, aiming to amass $1 billion for investments in various crypto assets, including startup equity and early-stage tokens. This initiative, reported by Bloomberg, comes after Pantera’s previous attempt to raise $1.25 billion for a blockchain fund in 2022.
The success of Pantera Fund V could mark a significant resurgence in investor confidence in the crypto sector, which setbacks experienced due to scandals and bankruptcies in 2022. As recently as last year, fundraising for new capital by fund managers proved challenging.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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