Cointime

Download App
iOS & Android

The 5.5 Million SOL Pledged by FTX on Figment Is Expected to Receive More Than $8 Million in SOL

Blockchain addresses associated with FTX have shown that FTX pledged millions of dollars worth of ETH and SOL over the weekend. Of these, over 5.5 million SOL (valued at $122 million) and over 24,000 ETH (valued at $30 million) have been pledged, as shown as separate transactions on the blockchain.

Observers on the chain cited data that SOL appears to have been pledged on Figment, with assets held earning an annualized return of 6.79%, or over $8 million worth of SOL tokens, with compound interest bringing the yield to over $8 million. Ethereum transactions show that ETH is directly pledged on the network, with an expected annualized return of 3.4%, or receiving $1 million worth of ETH tokens.

FTX
Comments

All Comments

Recommended for you