Pantera Capital fundraising to accumulate discounted SOL tokens from FTX Property

• Pantera Capital initiates $250M fundraise for discounted SOL tokens from FTX Property.
• Pantera Capital’s goal worth is $59.95 per SOL, 57% decrease than the present market worth of $142.
• FTX holds 41.1M SOL, valued at $5.4B.

Pantera Capital, a famend asset administration agency specializing in cryptocurrencies, has initiated a fundraising marketing campaign to accumulate Solana (SOL) tokens from the property of the bankrupt FTX change.

To capitalize on the discounted SOL tokens, Pantera is in search of to boost funds for the Pantera Solana Fund, focusing on a purchase order of as much as $250 million price of SOL tokens.

Discounted SOL acquisition alternative

The enterprise presents a profitable alternative for buyers to accumulate SOL tokens at a major low cost.

Pantera intends to buy a part of FTX’s SOL holdings at a price of $59.95 per token, representing a considerable 57% discount in comparison with the present market worth of $142 per token.

As a part of the funding alternative, potential buyers are required to decide to a vesting interval of as much as 4 years.

FTX’s Solana (SOL) holdings 

The FTX property holds roughly 41.1 million SOL cash, valued at round $5.4 billion, constituting roughly 10% of the full Solana token provide.

Solana’s SOL token has demonstrated spectacular efficiency, experiencing a 2.51% enhance previously 24 hours, with the present buying and selling worth standing at $142.51.

Moreover, SOL has witnessed outstanding positive aspects of over 10.5% on the weekly chart and a staggering 49.7% on the month-to-month chart as Solana sees elevated memecoin buying and selling exercise.

This strategic transfer by Pantera Capital underscores its dedication to seizing funding alternatives within the cryptocurrency market, leveraging the discounted SOL tokens to probably generate substantial returns for buyers over the stipulated vesting interval.