FTX to Auction Off More Solana Tokens This Week, Potential Bidders Say (SOL)

The bankruptcy estate of the failed FTX cryptocurrency exchange plans to auction off another unspecified amount of Solana tokens this week, according to people familiar with the sale.

A “blind auction” will be held for the next batch of SOL, according to two people familiar with the process who asked to remain anonymous. The auction has a Wednesday deadline and the results will be announced on Thursday, one of the people said. In a recent monthly operating report, FTX disclosed it sold about $307.6 million of SOL and ZBC tokens in March. April sales results haven’t been released yet. A spokesperson for the estate declined to comment.