Share this article
Pantera Looks to Purchase Discounted Solana Tokens With New Fund: Bloomberg
Prices of Solana’s SOL are up nearly 600% over the past year, CoinGecko data shows.
Updated Mar 8, 2024, 10:49 p.m. Published Mar 7, 2024, 12:03 p.m.
Cryptocurrency fund Pantera Capital is seeking fresh capital to purchase discounted Solana tokens from the beleaguered FTX estate, Bloomberg reported Thursday.
SOL tokens rose 2.2% in the past hour, contributing to an 8% gain in the past 24 hours.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The firm is floating the Pantera Solana Fund to investors, stating it has an opportunity to buy up to $250 million of SOL tokens at a 39% discount below a 30-day average price of $59.95, Bloomberg said, citing documents sent to potential investors last month.
The purchased tokens would be vested for at least four years and could allow the FTX estate to liquidate its SOL holdings, freeing up funds for creditors. Pantera was aiming to close the fund by the end of February and raised some money by the deadline, as per the Bloomberg report.
CoinDesk did not immediately get a reply seeking confirmation and additional information sent to Pantera’s press email address.
FTX was a crypto exchange owned by convicted fraudster Sam Bankman-Fried, an early Solana backer who held millions of dollars worth of the tokens. SOL was one of the top-performing major tokens in 2023, and is up nearly 600% over the past year, compared with bitcoin’s 200%.
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
Cosa sapere:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
