Summary
Pantera is looking to raise funds to buy discounted Solana tokens from FTX estate, creating the Pantera Solana Fund. Investors would agree to a 4-year vesting period, with a minimum investment of $25 million and management fees. Solana has surged in value this year, and FTX holds a significant portion of its total supply. Pantera was aiming to close the fund by the end of February.
Key Points
1. Pantera is looking to raise funds to buy discounted Solana tokens from the FTX estate.
2. The Pantera Solana Fund could buy up to $250 million worth of tokens from FTX, with investors agreeing to a vesting period of four years and a purchase price of 39% below the 30-day average.
3. Solana has seen a significant increase in value this year, up over 614% according to CoinGecko, with FTX holding roughly 10% of the total supply of SOL.