ChainCatcher reported that according to The Block, the discounted token sales in FTX's bankrupt assets continue to attract investors' attention. Investors have snapped up millions of tokens from multiple projects, betting that these assets are undervalued and may bring long-term upside.
FTX's largest holding is 41 million locked Solana (SOL), currently worth about $6 billion. The asset manager sold these tokens in batches at a discount price of $64 to $110 in April and May. SOL is currently trading at around $142, and investors who bought it, such as Pantera Capital, Galaxy Trading, and Figure Markets, have already made paper profits.
FTX Asset Management plans to auction 22.3 million locked Worldcoin (WLD) tokens, worth about $38 million. Despite concerns from investors about the length of the lock-up period, the auction was still highly competitive, with WLD sold for "just over $1." WLD is currently trading at around $1.78.
FTX Asset Manager also sold Metaplex (MPLX) tokens, which several crypto funds subsequently purchased from Wave Digital Assets at a discount.
Investors say they are focused on high-quality assets and projects led by visionary founders. Despite the risks, the appeal and potential gains of discounted tokens make these investment opportunities worth considering for many investors.
