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Market
Highest Bid Range as Percentage of Solana Spot Price in FTX Auction
4
Resolution / Starting Odds
50-60% • 25%
61-70% • 25%
71-80% • 25%
81-90% • 25%
Official auction results published by FTX or statements from FTX representatives.
Story
FTX to Auction 21M Locked Solana Tokens at 50% Discount
Apr 22, 2024, 06:30 PM
FTX's bankruptcy estate is set to auction off its remaining locked Solana ($SOL) tokens, transitioning from fixed-price sales to an auction format due to high buyer interest. This decision follows a successful sale of two-thirds of FTX's locked tokens. The auction will include about 21 million SOL tokens, available at a discount of approximately 50% compared to the spot price. Figure Markets CEO Mike Cagney confirmed the auction details, with further information expected on Monday. The auction opens participation to retail investors with a minimum bid of $5,000, a significant change from the previous $5 million requirement. This adjustment aims to broaden potential buyer participation, incorporating a KYC process.
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Similar markets
Below $5 million • 25%
$5 million to $10 million • 25%
$10 million to $20 million • 25%
Above $20 million • 25%
Above 15% • 33%
10% - 15% • 33%
Below 10% • 33%
Over 30% of customers • 25%
20-30% of customers • 25%
10-20% of customers • 25%
Less than 10% of customers • 25%
Increase by over 50% • 25%
Increase by 20-50% • 25%
Increase by less than 20% • 25%
Decrease or remain stable • 25%
Below 40 SOL • 25%
40-60 SOL • 25%
60-80 SOL • 25%
Above 80 SOL • 25%
High Approval • 25%
Moderate Approval • 25%
Low Approval • 25%
No Change in Approval • 25%
80-100% • 25%
101-118% • 25%
119-135% • 25%
136% or more • 25%
Significantly Positive • 25%
Moderately Positive • 25%
Neutral • 25%
Negative • 25%
100% to 118% • 33%
119% to 130% • 33%
131% or more • 34%
Top 1 • 25%
Top 2 • 25%
Top 3 • 25%
Below Top 3 • 25%
100% or more • 33%
75% to 99% • 33%
Less than 75% • 34%