Discounted tokens in FTX's bankruptcy assets continue to attract investor attention, and buyers have achieved substantial returns

2024-10-06 20:26:50
Collection

ChainCatcher news, according to The Block, the discounted token sales from FTX's bankrupt assets continue to attract investor attention. Investors have snapped up millions of tokens from several projects, betting that these assets are undervalued and may have long-term upside potential.

  • The largest holding of FTX's assets is 41 million locked Solana (SOL), currently valued at approximately $6 billion. The asset management team sold these tokens in batches at a discounted price ranging from $64 to $110 in April and May. The current trading price of SOL is about $142, and investors who bought in, such as Pantera Capital, Galaxy Trading, and Figure Markets, have already realized paper profits.

  • The FTX asset management team plans to auction 22.3 million locked Worldcoin (WLD) tokens, valued at approximately $38 million. Despite concerns from investors about the length of the lock-up period, the auction remains competitive, with WLD trading at "slightly above $1." The current trading price of WLD is about $1.78.

  • The FTX asset management team has also sold Metaplex (MPLX) tokens, which several crypto funds subsequently purchased at a discount from Wave Digital Assets.

Investors indicate that they are focused on high-quality assets and projects led by visionary founders. Despite the risks, the appeal of discounted tokens and potential returns make many investors consider these investment opportunities worthwhile.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators