FTX Misses Out on Potential Billion-Dollar Gain from SUI Tokens
05/06 14:26
FTX, a bankrupt crypto exchange, missed out on the potential to own billions of dollars worth of SUI tokens after selling its token warrants too early. FTX sold 890 million SUI token warrants, which would have allowed the company to get 890,000,000 SUI upon launch. The SUI token rose to over $3 before dropping in value, and at current prices, FTX's SUI tokens would have been worth around $1 billion.
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