Pantera, ParaFi and other institutions acquire MPLX tokens held by FTX at a discounted price
According to sources cited by The Block, several cryptocurrency funds, including Pantera Capital and ParaFi Capital, have recently purchased a large amount of Metaplex (MPLX) tokens from Wave Digital Assets. The funds involved in the transaction have also confirmed this news, stating that these tokens were initially held by legacy assets from FTX's bankruptcy.
The MPLX tokens held by FTX have been sold out
The source cited bankruptcy documents stating that initially 72.6 million MPLX tokens were held in FTX's legacy assets, of which 62.6 million were privately sold in the past five months, making up all unlocked MPLX tokens in FTX assets at the time. In addition, sources cited on chain data stating that an additional 2.5 million tokens were transferred from FTX wallets last month, leaving only 7.5 million tokens to be sold, which will be fully unlocked on September 19th.
Metaplex is a Solana based protocol that supports the creation of digital assets including both fungible tokens (FT) and non fungible tokens (NFT). Since its launch in 2021, Metaplex claims that its platform has facilitated the minting of over 550 million assets, covering 55 million independent wallets.
MPLX institutional acquisition price
Modular Capital is one of the funds that purchased MPLX from Wave Digital. James Ho, co-founder and managing partner of the company, stated:
The Metaplex standard has been adopted by top projects such as Helium, Tiplink, Driphaus, Pump.fun, and Reflect, covering various application scenarios from decentralized physical infrastructure (DePINs) to payments, messaging, and creator economics. Since 2024, Metaplex has generated a cost of 70000 SOLs, equivalent to approximately $13 to $14 million annually. We believe that Metaplex has a bright future, and its complete infrastructure standard suite can provide support for creators and token issuers
It is reported that Modular Capital purchased approximately 700000 tokens in April at an average price of $0.21 per token, with discounts ranging from 25% to 30% at the time. According to CoinGecko's data, the current price of MPLX is $0.25, with a fully diluted valuation of approximately $245 million.
Is MPLX undervalued by the market?
Ryan Watkins, co-founder of Syncrace Capital, stated that MPLX is still being overlooked by the market and traded at an undervalued price to earnings ratio. Ryan Watkins believes that Metaplex is an important infrastructure for Solana's digital asset economy and will ultimately become one of the most valuable projects on Solana. Ryan Watkins confirmed that Syncrace purchased MPLX tokens worth $1.4 million in April at a price of $0.2 per token, with a discount of approximately 40% at the time.
In addition to the two funds mentioned above, institutions such as Pantera, ParaFi, and Theia Blockchain have also purchased MPLX tokens from Wave Digital. Theia's co-founder Felipe Montealegre confirmed the transaction but refused to provide specific details. On the other hand, sources have revealed that Pantera Capital and ParaFi Capital jointly led the purchase of MPLX.
Cosmo Jiang, portfolio manager at Pantera Capital, confirmed that the institution is a holder of the MPLX token and stated that Metaplex aligns with Pantera's long-term investment strategy, which focuses on high-quality agreements with market fit and potential for value growth. And ParaFi Capital's investor Josh Solesbury also confirmed their investment in MPLX.
(责任编辑:理财)
- ·在拍拍贷上做小额贷款利息高不高呢?
- ·欧意易app官网(v6.1.19)_欧意易调高trc20手续费
- ·西安公积金贷款额度是多少呢?我想在西安申请公积金买房。
- ·收到政府奖励怎么做账
- ·递延所得税资产适用的税率是多少
- ·存款保险到底是什么意思呢?
- ·ENJ虚拟币价格-eng虚拟币
- ·东峰集团收盘涨4.69%,主力资金净流入2041.68万元
- ·洪水像什么什么似的-洪水像什么什么似的向前奔腾顷刻间淹没了整个村庄
- ·数字资产热钱包 数字资产热钱包更新版本v4.2.9
- ·其他权益工具投资分录是什么
- ·北方华创收盘涨0.56%,主力资金净流入7873.61万元
- ·火币转币
- ·珠海中富收盘跌2.83%,主力资金净流出2624.88万元
- ·火币短线
- ·以太坊活跃地址激增62.7%——未来能否突破2000美元大关?
- · 欧亿app官网正式版下载
- · 数字货币交易所
- · 亿欧交易所下载
- · 十大虚拟货币交易平台app
- · 欧亿交易所怎么样。
- · ok币
- · 欧易app官方下载入口
- · 虚拟货币交易平台排名
- · 数字货币交易app
- · oe交易所app下载
- ·火币网交易费用
- ·宜人贷信用等级提高方法是什么,有人知道怎么提高信用等级吗?
- ·股票群骗子-股票群骗局全过程视频
- ·AAVE行情
- ·The DeFi project supported by the Trump family confirmed the rumor of issuing coins: no pre-sale, non transferable, 63% public sale
- ·信雅达收盘涨4.99%,主力资金净流入3648.21万元
- ·应收账款周转率下降说明了什么
- ·屎币怎么购买? 屎币热钱包电脑版v6.8.6
- ·描写天气白云什么什么
- ·泰达币行情查看平台 泰达币tbthbr手机最新版