TechFlow news, October 6 — According to The Block, discounted token sales from FTX's bankruptcy estate continue to attract investor interest. Investors have snapped up millions of tokens across multiple projects, betting these assets are undervalued and offer long-term upside potential.
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The largest holding in FTX’s assets is 41 million locked Solana (SOL) tokens, currently worth approximately $6 billion. The asset management team sold these tokens in batches at discounts between $64 and $110 during April and May. With SOL now trading around $142, buyers such as Pantera Capital, Galaxy Trading, and Figure Markets have already realized paper profits.
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The FTX estate plans to auction 22.3 million locked Worldcoin (WLD) tokens, valued at about $38 million. Despite investor concerns over the length of the lock-up period, the auction remained highly competitive, with WLD selling for “slightly above $1.” WLD is currently trading around $1.78.
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The FTX estate also sold Metaplex (MPLX) tokens, which several crypto funds later purchased at a discount from Wave Digital Assets.
Investors say they are focusing on high-quality assets and projects led by visionary founders. Although risks remain, the appeal of discounted tokens and their potential returns make these investment opportunities worth considering for many.
