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:财经专题)
- · okcoin交易平台
- · 易欧app官网下载
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台有哪些
- · 虚拟货币交易
- · 亿欧交易所下载
- · 欧亿交易所怎么样。
- · 全球三大虚拟货币交易平台
- ·10月31日国联鑫思路混合C净值下跌0.14%,近1个月累计下跌1.13%
- ·光弘科技收盘跌2.5%,主力资金净流出5.29亿元
- ·美股“命悬一线”!A股的“垃圾股行情”步入尾声!
- ·欧亿apk安卓版v6.5.0下载地址-芝麻交易所交易所app下载安卓版2023
- ·东方集团:股票交易异常波动,近期股价波动幅度较大
- ·ST加加:股票交易异常波动,公司实际控制人所持股份拟被司法拍卖
- ·10月31日东吴进取策略混合A净值下跌0.97%,近1个月累计下跌6.15%
- ·集友股份:股票交易异常波动,多方面情况需关注
- ·普门科技接待105家机构调研,包括青岛朋元资产管理有限公司、国联安基金管理有限公司、上海希瓦私募基金管理中心(有限合伙)等
- ·保险单能否直接当作发票使用?
- ·湘潭电化:全资子公司取得采矿许可证
- ·“无边界割草机器人”项目获创客组二等奖|对话第九届“创客中国”视觉智能专题赛获奖项目
- ·涨停揭秘 | 第一创业首板涨停,封板资金1.09亿元
- ·10月31日平安均衡优选1年持有混合C净值增长0.86%,近3个月累计上涨15.94%
- ·OKX|okx官网电脑版下载及欧意PC端详细介绍与比较
- ·企业非持续经营,会发生什么情况?
- ·欧亿apk安卓版v6.5.0下载地址-芝麻交易所交易所app下载安卓版2023
- ·大部分零售商已完成线上平台打造 数字会员是形成竞争力的表现
- ·USDT交易平台iOS版v6.8.3下载-苹果下载USDT官方交易所2023
- ·债市收盘|10月制造业PMI回升至50以上,国债主要品种全线收涨,30年国债利率下行近2bp