FTX Buyers' Windfall: $29.3B Unrealized Gain on Locked SOL

The buyer of all three FTX liquidation auctions is currently enjoying a total unrealized gain of over $29.3 billion. This significant profit comes as a result of the strategic acquisition of locked SOL tokens during the bankruptcy proceedings.

In a recent development, FTX Estate sold 41 million locked SOL tokens in three separate bankruptcy auctions. The buyers, who have since realized substantial gains, include:

• Galaxy + Client (Defiance), the largest buyer, acquiring 25.5 million locked SOL at an average price of $64.
• Pantera + Others, purchasing locked SOL at an average price of around $95.
• Figure + Others, purchasing locked SOL at an average price of around $102.

Additionally, FTX sold approximately 14 million unlocked SOL tokens at an average price of around $20 - $30.

The total unrealized gain of the buyers in FTX's three bankruptcy auctions is currently approximately $2.9302 billion, calculated at the current SOL price of $143.