Crypto Funds Purchase 62.6 Million Metaplex Tokens from FTX Estate
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Major crypto funds purchased 62.6 million Metaplex tokens from the FTX estate in private sales over five months. Metaplex trades at $0.260671 with strong support levels around $0.245, showing a 5.88% increase in the last 24 hours. FTX estate holds only 7.5 million MPLX tokens, scheduled for full unlock by September 19, signaling the end of token sales. Pantera Capital and ParaFi Capital, two of the leading digital asset fund managers have acquired a significant portion of Metaplex (MPLX) tokens from the FTX estate over the past five months. These 62.6 million tokens represent a large portion of the 72.6 million MPLX tokens initially held by the FTX estate. Currently, only 7.5 million tokens remain, which will unlock on September 19. Crypto funds purchase 62.6M Metaplex tokens from FTX estate Several crypto funds, including Pantera Capital and ParaFi Capital, have acquired 62.6 million Metaplex (MPLX) tokens from the FTX estate over the past five months. The FTX estate initially held 72.6 million MPLX, with… — CoinNess Global (@CoinnessGL) September 9, 2024 Read also: Metaplex Unveils New Game-Changing Features For Solana NFTs Metaplex, a Solana-based protocol for creating digital assets, currently has a fully diluted valuation of $245 million. Funds like Syncracy Capital secured these tokens at discounted rates, with some purchasing at $0.20. Despite these sales, the FTX estate still holds over $376 million in assets. Metaplex is currently trading at $0.260671, a 5.88% increase in the past 24 hours. The token has a 24-hour trading volume of $927,238, indicating increased market activity. With a circulating supply of 366,869,435 MPLX coins, Metaplex’s market cap has grown to $95,632,227. The price action shows strong support around $0.245. After briefly dipping below this level, the price quickly rebounded, reaching a peak of $0.265. The formation of a new support level at $0.260…
Filed under: News - @ September 10, 2024 8:23 am