Neptune Digital has purchased 26,964 locked Solana from FTX estate at an average price of $64

Deep Tide TechFlow news, FTX estate’s sale of 41 million locked Solana (SOL) worth $7.5 billion has been affected by significant demand. Galaxy Asset Management was selected as the agent and is allocating tokens to interested bidders.

Neptune Digital is the first company to publicly announce the purchase of locked Solana from FTX estate. The company stated that it purchased 26,964 SOL at an average price of $64, of which 20% of the tokens will be unlocked in March 2025, and the remaining tokens will be unlocked every Unlocked every month until 2028.

Galaxy Trading is one of the funds raising bids, and investors can participate for $64 per token, according to three sources.

BitGo will serve as the custodian of the tokens. Although some transactions have closed, there is still a portion of the tokens that have not yet been distributed and are expected to be available for use by the end of next month.