Big controversy in the crypto world! The sale of $SOL tokens by FTX has shaken the market. FTX has reportedly liquidated a large number of $SOL tokens at just $64 each, raising almost $2 billion. Major buyers, including Galaxy Trading, Pantera Capital and Neptune Digital Assets, took nearly two-thirds of FTX's stake in $SOL.
However, this move has sparked criticism. The sale was made at a significant discount to the current market price, where the $SOL token is trading around $176. Additionally, those affected by the FTX bankruptcy will receive compensation of just $16.24 per $SOL token trapped on the platform.
To complicate matters, the tokens sold are subject to a 4-year vesting plan, meaning they will not be available for trading on the market until that period passes. This has raised concerns among FTX's creditors, who express dissatisfaction with the management of the bankrupt exchange's assets.