Pantera Capital's funds made a huge profit of 66% in the first quarter relying on SOL, RBN, Aevo, STX, etc.

According to Bloomberg reports, the Liquid Token Fund, a fund owned by crypto venture capital Pantera Capital, rose 66% in the first quarter of this year, mainly composed of Solana (SOL), RBN, Aevo, and STX Small-cap tokens led the gains and have sold the majority of Bitcoin and Ethereum this year. In addition, Pantera Capital also acquired Solana (SOL) tokens from the FTX bankruptcy team at a significant discount.

Funds led by SOL rose 66% in the first quarter

Pantera manages US$5.2 billion in blockchain-related assets. It currently has four funds with a minimum investment amount of 100,000. Dollar.

According to Bloomberg reports, the Liquid Token Fund was established in November 2017. According to Bloomberg reports, the fund paid a brilliant performance of 66% in the first quarter of this year, mainly composed of Solana (SOL), Ribbon Finance (RBN), Aevo and Stacks (STX) led the gains and sold the majority of Bitcoin (BTC) and Ethereum (ETH). Its fund manager explained that the fund is meaningfully reducing its Bitcoin holdings "significantly" every month and has also exited Ethereum-related positions. Because the chances of an Ethereum spot ETF getting approved in May are looking increasingly slim.

Buy SOL from FTX at a discount of $64

In previous reports, Pantera Capital is raising funds from large investors in an attempt to acquire Solana from the FTX bankruptcy team at a significant discount ( SOL) token. Later, Bloomberg also reported that FTX sold 25 million to 30 million SOLs that were still locked up to companies such as Galaxy Trading and Pantera Capital at a price of $64 per coin. Galaxy raised $620 million, while Pantera Capital raised $250 million. People familiar with the matter noted that this could bring $1.9 billion in funding to FTX.

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