FTX sold 890 million SUI and equity to Mysten Labs for $96 million in March last year, which is now worth $4.6 billion
On January 5, FTX creditor Sunil posted on X stating: "SUI has reached $5.2, with a market value of $16 billion. In March 2023, FTX sold 890 million SUI (stock warrants) + equity to Mysten Labs at a price of $96 million. These tokens are now worth about $4.6 billion."
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
A New Altcoin Has Joined the Top 10 Cryptocurrencies—Today’s Rally Triggered a Wave of Liquidations
75 billion Shiba Inu (SHIB) were added to exchanges within 24 hours.

Inside the Gold Super Cycle and Why XRP Stands to Gain
Strategic Partners issues correction on senior manager transaction disclosure