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FTX to auction the remaining locked Solana (SOL) tokens. The last SOL token sale by FTX attracted significant buyer interest. Figure Markets confirms it will participate in the auction. The embattled FTX cryptocurrency exchange is set to auction the remaining locked Solana (SOL) tokens from its estate. The decision follows the success of the previous sale, which generated significant interest from buyers. The upcoming auction has been confirmed by Mike Cagney, the CEO of Figure Markets and board chair of Figure, who disclosed that the decentralized exchange will take part in the auction . Figure Markets introduces SPV investment opportunity To facilitate Figure Markets’ participation in the upcoming SOL auction s from the FTX estate, Figure Markets has unveiled a Special Purpose Vehicle (SPV) open to non-US investors (subject to KYC) and accredited US investors. The SPV will operate based on community consensus, where each dollar invested equals ...

Avalanche (AVAX) has a challenging week ahead with a sell-off of nearly $400 million worth of tokens. This is part of Avalanche’s unlocks from the Genesis distribution, summing up to the usual proof-of-stake (PoS) issuance. On February 21, vesting contracts will release 9.54 million AVAX worth $376.61 million at press time prices. Finbold retrieved this data from TokenUnlocksApp on February 17. Notably, Avalanche dominates the platform’s total cliff unlocks of $433.94 million for the next seven days by over 86%. Cliff unlocks next 7D: Avalanche (AVAX). Source: TokenUnlocksApp In particular, this massive unlock amounts to 2.6% of Avalanche’s current circulating supply of 367.51 million AVAX. Additionally, it is 27 times larger than the 24-hour exchange volume of $13.80 billion, according to CoinMarketCap . Picked for you Funds locked in DeFi surged 100% in 4 months, reaching 2-year high 2 hours ago 3 cryptocurrencies to reach $100 billion market cap in 2024 5 ho...

Also Read: XRP Whales React To Ripple’s XRP Q1 Report advertisement 1 Billion XRP Unlocked According to the Data, Ripple unb locked $1 billion XRP (approx worth $470 million) in two separate transactions. The latest escrow release implies that 52% of the total XRP has now come into circulation. In order to provide additional predictability about its supply, Ripple locked 55 billion XRP , that actually 55% of the total supply, in a escrow. Ripple ’s Q1 report 2023 mentioned that 3 billion XRP were released as per the procedure. However, it added that 2.1 billion XRP were returned and were added into new escrow in the same time period. Data depicts that XRP price have jumped by almost 18% in the last 90 days. It has been one of the most gaining cryptos over this period. Read More XRP News Here… Also Read: Ripple To Face Trouble From XRP Holders in Court? Attorney Suggests This Trending Stories ...