FTX, a defunct cryptocurrency exchange, is reportedly planning to auction off the remaining Solana (SOL) token holdings, according to sources familiar with the matter. A “blind auction” is set to take place this week with a deadline of April 24 and results expected to be announced the following day.

The move comes after FTX reported selling around $307.6 million worth of SOL and ZBC tokens in March. On April 5, the company sold $1.9 billion worth of SOL tokens to various entities, including Mike Novogratz’s Galaxy Trading and Pantera Capital. The total figures for April sales have yet to be disclosed.

Mike Cagney, CEO of Figure Markets, has confirmed the upcoming auction, considering it as an investment opportunity. Figure Markets is planning to participate in the auction and is raising funds for a special-purpose vehicle (SPV) to place bids.

Other bidders include Pantera Capital and Abra, with Abra CEO Bill Barhydt confirming their involvement. Pantera Capital is reportedly deciding whether to bid directly or through an SPV.

Despite the auction not directly benefiting retail investors, some are eyeing potential profits from price fluctuations resulting from the exchange’s actions. At the time of writing, SOL was trading at $15.79, representing a 1.6% increase over the past 24 hours.

In other news, FTX founder Sam Bankman-Fried has agreed to participate in a class-action lawsuit involving FTX investors and celebrity endorsers of the platform. Bankman-Fried is currently serving a 25-year prison sentence for his role in the FTX collapse.

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