Pantera, ParaFi and other institutions acquire MPLX tokens held by FTX at a discounted price
According to sources cited by The Block, several cryptocurrency funds, including Pantera Capital and ParaFi Capital, have recently purchased a large amount of Metaplex (MPLX) tokens from Wave Digital Assets. The funds involved in the transaction have also confirmed this news, stating that these tokens were initially held by legacy assets from FTX's bankruptcy.
The MPLX tokens held by FTX have been sold out
The source cited bankruptcy documents stating that initially 72.6 million MPLX tokens were held in FTX's legacy assets, of which 62.6 million were privately sold in the past five months, making up all unlocked MPLX tokens in FTX assets at the time. In addition, sources cited on chain data stating that an additional 2.5 million tokens were transferred from FTX wallets last month, leaving only 7.5 million tokens to be sold, which will be fully unlocked on September 19th.
Metaplex is a Solana based protocol that supports the creation of digital assets including both fungible tokens (FT) and non fungible tokens (NFT). Since its launch in 2021, Metaplex claims that its platform has facilitated the minting of over 550 million assets, covering 55 million independent wallets.
MPLX institutional acquisition price
Modular Capital is one of the funds that purchased MPLX from Wave Digital. James Ho, co-founder and managing partner of the company, stated:
The Metaplex standard has been adopted by top projects such as Helium, Tiplink, Driphaus, Pump.fun, and Reflect, covering various application scenarios from decentralized physical infrastructure (DePINs) to payments, messaging, and creator economics. Since 2024, Metaplex has generated a cost of 70000 SOLs, equivalent to approximately $13 to $14 million annually. We believe that Metaplex has a bright future, and its complete infrastructure standard suite can provide support for creators and token issuers
It is reported that Modular Capital purchased approximately 700000 tokens in April at an average price of $0.21 per token, with discounts ranging from 25% to 30% at the time. According to CoinGecko's data, the current price of MPLX is $0.25, with a fully diluted valuation of approximately $245 million.
Is MPLX undervalued by the market?
Ryan Watkins, co-founder of Syncrace Capital, stated that MPLX is still being overlooked by the market and traded at an undervalued price to earnings ratio. Ryan Watkins believes that Metaplex is an important infrastructure for Solana's digital asset economy and will ultimately become one of the most valuable projects on Solana. Ryan Watkins confirmed that Syncrace purchased MPLX tokens worth $1.4 million in April at a price of $0.2 per token, with a discount of approximately 40% at the time.
In addition to the two funds mentioned above, institutions such as Pantera, ParaFi, and Theia Blockchain have also purchased MPLX tokens from Wave Digital. Theia's co-founder Felipe Montealegre confirmed the transaction but refused to provide specific details. On the other hand, sources have revealed that Pantera Capital and ParaFi Capital jointly led the purchase of MPLX.
Cosmo Jiang, portfolio manager at Pantera Capital, confirmed that the institution is a holder of the MPLX token and stated that Metaplex aligns with Pantera's long-term investment strategy, which focuses on high-quality agreements with market fit and potential for value growth. And ParaFi Capital's investor Josh Solesbury also confirmed their investment in MPLX.
(责任编辑:宏观研究)
-
其实单纯的投入资金与技术研发,反而就容易了,因为只要是钱能解决的问题,也就不算什么难题。...[详细]
-
没有核心优势,到处被别人“借鉴”。...[详细]
-
niconico超会议的活动主旨是“在地面上再现niconico的一切”。...[详细]
-
与此相比,第二个周期之初的金融危机对中国互联网行业的影响不是颠覆式的,却更为深远。...[详细]
-
不论是传统媒体人跳槽创业,还是外行人进入这一行业,大部分的新媒体已经完成了对媒体产业的重构。...[详细]
-
传统媒体转型是老调重弹的话题,但这些媒体的转型变化却依然值得关注。...[详细]
-
如果做衣服,肯定与凡客直接成为对手。...[详细]
-
其实好多别的平台不需要这些职位,有的不需要客服,有的甚至不需要美工,只要你有好的产品,这个平台就负责帮你卖了。...[详细]
-
特权可以让一些客户具有相对的优先权,比如高尔夫的会员,某些百货商店的会员,拥有会员意味着可以享受到普通客户无法享受到的服务。...[详细]
-
餐饮不是一次性众筹就完毕,需要持续投入 实物众筹更像是订单式生产,先有需求,再按需定制,因为众筹的资金相当于预交了生产的费用,众筹发起人没有任何的经济压力。...[详细]