Major domestic virtual assets are on the rise.
At 1pm on the 22nd, domestic Bitcoin (BTC) is trading at 95,578,000 won on Bithumb, up 0.85% from the previous day. Ethereum (ETH) rose 1.09% to 4,646,000 won. Tether (USDT) was trading at 1,454 won, down 0.27%, and Binance Coin (BNB) was trading at 863,000 won, up 3.17%. Solana (SOL) rose 0.46% to 218,600 won.
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The international market is mixed.
At the same time, on CoinMarketCap, BTC recorded $65,810.68, up 0.93% from the previous day. ETH was traded at $3197.17, up 0.93%. USDT is $1.00, down 0.03% from the previous day, and BNB is $593.27, up 3.54. SOL was trading at $150.46, down 0.25%.
The total market capitalization of virtual assets is $2.42 trillion (approximately KRW 3343.956 trillion), an increase of $1.26 trillion (approximately KRW 1,741.68 trillion) compared to the same period last year. The fear and greed index provided by alternative.me, a virtual asset data company, is in the 'greed' state at 62 points, the same as the previous day.
The Block reported on the 21st (local time) that FTX will sell some of its locked-up SOL volume through auction. Lockup is a measure that prohibits the sale of assets for a certain period of time after listing, and is a device to prevent prices from plummeting as properties are poured into the market immediately after listing.
According to Mike Cagney, CEO of Figure, an American fintech company quoted by The Block, FTX plans to sell $1.9 billion worth of SOL tokens to related companies such as Galaxy Digital and Pantera, and will hold an auction for the next batch. Details about the auction are not yet known.
FTX's locked-up SOL tokens are attracting attention from virtual asset investors despite the risk of price fluctuations. Previously, FTX sold about two-thirds of its locked-up SOL holdings and made a profit of $2.6 billion. At the time, buyers were purchasing at a cost of around $60 per token, but the price of SOL has now risen to around $150. However, due to the price volatility of virtual assets, the price may change significantly before the lock-up is released.
- Reporter Ma Joo-young
- majuyeong@rni.kr
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