TechFlow News — The sale of 41 million locked Solana (SOL) tokens worth $7.5 billion by the FTX estate has seen significant demand. Galaxy Asset Management has been selected as the agent and is allocating tokens to interested bidders.
Neptune Digital is the first company to publicly announce a purchase of locked Solana from the FTX estate, stating it acquired 26,964 SOL at an average price of $64, with 20% of the tokens set to unlock in March 2025 and the remainder unlocking monthly through 2028.
Galaxy Trading, a fund currently raising capital to bid, is among those participating, and according to three sources, investors can join at a price of $64 per token.
BitGo will serve as custodian for the tokens. While some transactions have already closed, a portion of the tokens remains unallocated and is expected to be available by the end of next month.
