The management handling FTX’s bankruptcy process sold about two-thirds of the assets, consisting of $2.6 billion of SOL, at a steep discount.

According to Bloomberg, the sale was made to a group including industry heavyweights such as Galaxy Trading and Pantera Capital. According to the agreement reached, each SOL was sold at $64. The deal, which covers a total of 25 to 30 billion locked SOL tokens, is the first in the crypto industry in terms of its size.

The reason why the price is so low is related to the locked tokens. The buyers will be able to receive the tokens gradually over a four-year period. Therefore, the deal can create both a risk and a great opportunity for buyers.

If prices remain close to current levels, the purchase of $64 will offer a serious opportunity for industry giants. On the other hand, given that SOL fell 97% in the last bear market, it can be said to involve a significant risk. 80% of the tokens will be unlocked on a monthly period until January 2028.