SOL - Mad Lads NFTs Soar To Record High As Backpack Appoints Former FTX Lawyer For Exchange Launch | Benzinga
Solana’s (CRYPTO: SOL) Mad Lads NFTs have reached an unprecedented price high after Backpack, a Solana-based NFT wallet app, appointed a former FTX general counsel, Can Sun to spearhead Trek Labs, a Dubai-based startup linked to Backpack and its parent company, Coral.
Coral's Mad Lads’ profile picture (PFP) project on Solana has surged to an all-time price high in U.S. dollars, Decrypt reported. Mad Lads NFTs are currently priced at 82.37 SOL, which equates to roughly $4,480, doubling its previous all-time high.
This development comes on the heels of Sun’s testimony against his ex-employer, Sam Bankman-Fried, in a U.S. government fraud case against the FTX co-founder and past CEO.
Trek Labs plans to offer a 10% stake in the company to investors, valuing over $100 million. Coral’s co-founder and CEO, Armani Ferrante, is a minority shareholder in Trek Labs, while his wife Claire Zhang, Sun’s ...