FTX Bold Move: Sells SUI For $100 Million, Tokens Now Worth $1 Billion
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According to the trader and analyst of the crypto market under the pseudonym “Googly,” the fallen crypto exchange FTX sold warrants for $884 million SUI tokens to Mysten Labs and preferred stock for less than $100 million in March. The paper valuation for the tokens is now worth $1 billion. The sale of the warrants and preferred stock is significant for FTX, providing additional funding to support its operations and expansion. FTX has been gaining traction in the cryptocurrency market, and the additional funding will undoubtedly help the company continue to grow and innovate. However, It is worth noting that
According to on-chain statistics, today’s deployer contract for FTX Exchange Tokens (FTT) inexplicably produced 192 million additional tickets and delivered them to a recently formed wallet. These tokens are worth around $380 million at the current pricing. The exchange made the new FTT available without prior notice and in response…
According to the latest on-chain data, wallet addresses linked to the now-bankrupt FTX exchange and Alameda Research have transferred substantial amounts in crypto assets over the past week. This series of funds movement was first brought to the limelight by prominent blockchain analytics firm Nansen, who reported that more than…
On August 8, Alameda Research made a significant move by depositing 205,380 $WLD tokens into Binance, one of the largest cryptocurrency exchanges in the world. The value of these coins is approximately $351,000, according to Lookonchain. This transaction has occurred during the period when Alameda and FTX, its sister firm,…