FTX Is Seeking to Sell 22.3 Million Locked-Up WLDs at a Significant Discount: Sources
On Oct. 3, FTX is looking to sell 22.3 million locked-up WLDs, currently valued at about $37.7 million, at a discount, The Block reported, citing sources, adding that the sale is part of the organization's ongoing efforts to recover funds for creditors.
Interested buyers must submit bids for the WLD token sale by Wednesday at 8 p.m. ET, the two sources said, adding that those buyers will be notified by Thursday if their bids are accepted. FTX's discount for the sale of WLD tokens could be between 40 percent and 75 percent below the current spot market price, which is currently around $1.69. The current spot market price for WLD is approximately 1.69 U.S. dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI trend continues to drive momentum, global tech stocks lead gains, bond markets strengthen collectively, and oil prices may experience the longest decline in a year.
The Seoul Composite Index in South Korea rose 0.49%, paring some of its early morning gains. Brent crude fell 1.2% to around $94 per barrel, facing its longest losing streak in nearly a year. The decline in oil prices has eased market concerns over inflation, which had previously been driven up by yields reaching multi-decade highs, putting pressure on the bond market. Both Australian and New Zealand 10-year government bond yields dropped by at least 3 basis points, while US Treasury futures climbed in tandem.
Crypto prices
More
