The bankruptcy management team of FTX plans to sell 22.3 million locked WLD tokens at a discount
The bankruptcy management team of FTX plans to sell 22.3 million locked WLD tokens at a discount, currently valued at about $37.7 million. This sale is part of FTX's ongoing efforts to recover funds for creditors. Two sources said that the discount on WLD tokens could be 40% to 75% lower than the current spot market price of WLD. FTX Asset Management Company seems to have sold most of its tokens and currently holds about $594 million in remaining assets. However, a large portion of these assets (about $541 million) exists in the form of FTX's FTT token, which has extremely poor liquidity and may not be able to be sold.
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