FTX has sold approximately $1.6 billion worth of locked SOL tokens

According to ChainCatcher news, citing sources familiar with the matter, FTX's bankruptcy administrators have sold about two-thirds of their Solana token reserves, valued at approximately $2.6 billion, at a significant discount, attracting participation from industry giants such as Galaxy Trading and Pantera Capital.

Sources indicate that FTX sold 25 to 30 million locked SOL tokens at a price of $64 each, and they declined to disclose their identities to discuss confidential terms. This could raise up to $1.9 billion for FTX's estate.