Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
SBF: Used Alameda profits and third-party loans to purchase SOL at a unit price of US$0.20

SBF: Used Alameda profits and third-party loans to purchase SOL at a unit price of US$0.20

CointimeCointime2023/10/28 01:21
By:Cointime

SBF revealed during his criminal trial testimony that he began buying SOL very early on, at a price of $0.20 per coin. Regarding how he paid for his investment costs, he stated during questioning by his lawyer that the funds came from Alameda's operating profits and third-party loans. Due to the close relationship between SOL and SBF, SOL was once referred to as "Sam Coin". He and FTX made significant investments in the Solana ecosystem and heavily promoted the Solana brand before FTX went bankrupt in November of last year. According to the OKX market data from Europe, SOL reached its all-time high of $259.69 USDT in November 2021. SOL is currently trading at $31.846 USDT, with a 24-hour decrease of 2.12%. 

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

PENGU Was Missed by Many—Grab BTFD Presale and Turn $100 into $12K: Best New Meme Coin to Join This Week!

Missed Pudgy Penguins? Don’t miss BTFD! With 11,900% ROI potential, 90% APY staking & a live P2E game, it’s the best meme coin to join this week!BTFD Coin Is Where Whales Feast—Get in Before the Final Blowout!Pudgy Penguins (PENGU) — You Delayed, It Blew UpConclusion: Timing Is Everything in Crypto!

Coinomedia2025/05/23 22:16
PENGU Was Missed by Many—Grab BTFD Presale and Turn $100 into $12K: Best New Meme Coin to Join This Week!