tuna no crust
365 posts

tuna no crust
@FoundnFathers
Founder & Senior Digital Crimes Analyst @ Noble Azimuth Intelligence Labs








Friday @PanteraCapital begins negotiation of their first purchase of a tranche of 1/20 of @FTX_Official unstaked $SOL for a reported $250m, already emitted from the staking contract. @FTX_Official which entered Chapter 11 bankruptcy proceedings in US courts in November 2022, possesses 41.1 million SOL coins, valued at $5.4 billion as of Wednesday’s closing price. This accounts for about 10% of the total $SOL supply, according to Pantera’s presentation. A total of 20 tranches, each locked for 4 years will continue as the remaining 9.5% is purchased by @PanteraCapital and its investors as it exits the staking contract over the next years. This signifies the end to the #Solana/@FTX_Official connection for good. Bullish. Upcoming: Solana 1.18.4 beta mainnet testing, then @jump_firedancer validator testing and the first Mainnet ever - Solana 2.0, which will have multiple validator clients enabling redundancy and no need for full restarts again. $SOL is marching to $1000.





























