TechFlow news, according to The Block citing sources familiar with the matter, several cryptocurrency investment funds, including Pantera Capital and ParaFi Capital, have recently purchased large amounts of Metaplex (MPLX) tokens from Wave Digital Assets. These tokens were originally part of FTX's bankruptcy estate.
The FTX bankruptcy estate initially held 72.6 million MPLX tokens, of which 62.6 million have been sold through private transactions over the past five months—representing all of the unlocked MPLX tokens previously held by FTX at that time.
Last month, an additional 2.5 million tokens were transferred out of FTX wallets. Only 7.5 million tokens remain to be sold, all of which will fully unlock on September 19th Beijing time.
Metaplex is a Solana-based protocol supporting the creation of digital assets including NFTs. Since its launch in 2021, the Metaplex platform claims to have facilitated the minting of more than 550 million assets across 55 million unique wallets. Several participating funds stated they are optimistic about Metaplex’s future development, viewing it as critical to the Solana digital asset ecosystem.
