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：商业)

• ·请问新易贷可不可靠？最近想在新易贷上借款。
• ·总公司和独立核算的分公司的资金往来怎么入账
• ·深度研究：用加密激励众筹一个 AI 模型，可行吗？
• ·市净率高股票
• ·杭州什么天气穿什么-杭州什么天气穿什么?
• ·Consensys announces a 20% layoff of employees; CEO harshly criticized: forced by SEC!
• ·火币app苹果版
• ·火币app苹果版
• ·承兑汇票是否可以在银行贷款
• ·玖富万卡怎么激活额度呢，有什么技巧吗？
• ·交易性金融资产属于什么科目
• ·2025年全球区块链交易所排行榜前九名 盘点九大比特币交易所
• ·农业公司土地流转怎么做会计分录
• ·现在还能挖多少币
• ·请问房司令违约扣芝麻信用么？我的芝麻信用会不会下降啊。
• ·小赢卡贷利息高不高，怎么计算利息啊？