- Pantera Capital CEO Dan Morehead is looking to buy discounted Solana tokens from the bankrupt FTX exchange.
- Solana’s SOL token price has risen almost 600% in the past year, so Morehead likely sees an opportunity to acquire SOL cheaply from FTX.
- Morehead wants to launch a new fund specifically to purchase the discounted Solana tokens from FTX’s estate.
Cryptocurrency investment firm Pantera Capital is looking to purchase discounted Solana tokens from bankrupt crypto exchange FTX’s estate. This comes as Solana token prices have risen nearly 600% in the past year, presenting potential value in purchasing tokens at reduced prices.
Pantera CEO Dan Morehead Eyes Discounted SOL
Pantera Capital CEO Dan Morehead is exploring launching a new fund to purchase discounted Solana tokens from the FTX estate. Solana’s SOL token has seen a meteoric rise, with prices increasing almost 600% over the past year according to CoinGecko data. Morehead likely sees an opportunity to acquire SOL at reduced prices given FTX’s bankruptcy.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
