{"id":29779,"date":"2024-04-26T13:11:00","date_gmt":"2024-04-26T13:11:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pantera-capital-buys-more-solana-sol-from-ftx\/"},"modified":"2024-04-26T13:11:00","modified_gmt":"2024-04-26T13:11:00","slug":"pantera-capital-buys-more-solana-sol-from-ftx","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pantera-capital-buys-more-solana-sol-from-ftx\/","title":{"rendered":"Pantera Capital buys more Solana (SOL) from FTX"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1631705444143-5e94f1ed-59f3-46d8-9c0d-4c7eca163ed8-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Pantera Capital has purchased more Solana (SOL) from the FTX bankruptcy estate.<\/span><\/li>\n<li>FTX is auctioning off SOL, with more tokens to be sold to winning bidders.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Pantera Capital has acquired another stockpile of Solana (SOL) tokens at discounted prices from the <a href=\"https:\/\/coinjournal.net\/news\/tag\/ftx\/\">FTX<\/a> bankruptcy estate, Bloomberg <a href=\"https:\/\/www.bnnbloomberg.ca\/pantera-capital-buys-another-trove-of-solana-tokens-from-ftx-auction-1.2065368\" target=\"_blank\" rel=\"noopener\">reported<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The $5.2 billion crypto venture capital firm, secured the new stash of locked SOL after emerging one of the winners in the ongoing auction of <a href=\"https:\/\/coinjournal.net\/solana\/\">Solana tokens<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pantera, alongside crypto firm Galaxy Digital, scooped more of the altcoin in last month\u2019s $1.9 billion SOL auction. Today\u2019s report says the company has purchased additional tokens from the 2,000 SOL FTX sold this week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">FTX\u2019s estate held over 41 million locked SOL worth more than $6 billion, and the bankruptcy estate\u2019s greenlight to sell has attracted a lot of attention from institutional buyers. Pantera has looked to buy more SOL and has reportedly earmarked up to $250 million for this.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Solana (SOL) price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Solana (SOL) fell below $10 in the wake of FTX\u2019s implosion and bankruptcy filing in November 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u00a0The cryptocurrency rose sharply through 2023, outperforming peers as former FTX CEO Sam Bankman-Fried faced criminal charges and was found guilty. Bankman-Fried was sentenced to 25 years imprisonment in March.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SOL also benefitted from an explosion of meme coins on the blockchain network, with Bonk and <a href=\"https:\/\/coinjournal.net\/news\/dogwifhat-wif-jumps-44-to-new-ath-as-meme-coins-rise\/\">dogwifhat<\/a> standout tokens in late 2023 and early this year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana\u2019s price has however declined from its multi-year highs above $200 reached in March. Currently, its trading around $142, down 23% in the past 30 days and 2% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400\">SOL price could retreat to recent support around $125 amid supply-side pressure, while a bullish flip could propel it towards the recent peak.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/pantera-capital-buys-more-solana-sol-from-ftx\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Pantera Capital has purchased more Solana (SOL) from the FTX bankruptcy estate. FTX is auctioning off SOL, with more tokens to be sold to winning bidders. Pantera Capital has acquired another stockpile of Solana (SOL) tokens at discounted prices from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29779"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29779"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29780"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}