FTX Estate Stakes $121 Million in SOL via Figment at 6.99% APY!

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Author: Mustafa Mulla

Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 14, 2023 20:20

FTX bankruptcy trustee FTX Estate has staked 5.5 million SOL through Figment, valued at $121 million, with an APY of 6.99%. FTX Group now holds more than 55.86 million SOL, worth $1.23 billion, of which over 42.16 million SOL is owned by Alameda and is locked. This move underscores the increasing interest in Solana’s network, which has been gaining traction due to its lower gas fees and fast transaction speed.

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