Key Highlights
- Alameda Research withdrew 198,425 SOL from staking and sent the complete amount to the FTX bankruptcy wallet.
- The SOL tokens held a value of approximately $16 million at the moment of transfer.
- Arkham Intelligence identified the originating address as belonging to Alameda and monitored the on-chain movement.
- The FTX estate maintains approximately 3.5 million SOL following several monthly unstaking operations.
- Solana’s market value remained stable following the completion of this transfer to the estate wallet.
Alameda Research completed a transfer of 198,425 SOL to an FTX bankruptcy wallet this weekend following an unstaking operation. The transaction represented approximately $16 million in value. This movement continues the estate’s systematic creditor repayment efforts.
FTX Bankruptcy Wallet Collects Regular SOL Distributions
Arkham Intelligence data revealed the Alameda-associated address completed the unstaking process before transmitting the complete balance forward. The estate-managed wallet successfully received all tokens upon completion.
This particular wallet has processed numerous asset transfers throughout the bankruptcy proceedings. The address facilitates holdings for creditor distributions while also channeling assets to exchange platforms as required.
The current transaction mirrors a comparable movement from March. During that operation, Alameda unstaked approximately 197,000 SOL, representing around $17 million in value, and directed it to this identical wallet.
The FTX estate maintains a substantial Solana position even after this recent release. Current data indicates Alameda-connected holdings stand at roughly 3.5 million SOL following the latest movements.
Those holdings carried an estimated value ranging from $294 million to $320 million according to recent assessments. The estate has systematically decreased its exposure through consistent monthly unstaking operations.
Since the FTX collapse in 2022, the estate has liquidated multiple staking positions through comparable batches. Previous withdrawals featured 192,000 SOL and 196,611 SOL, according to documented reports.
Those earlier operations held values of approximately $45 million and $16 million during their respective transfer periods. The estate positioned those tokens for either distribution or liquidation.
Solana Maintains Price Stability During Estate Operations
Bankruptcy court documentation instructs the estate management team to collect and convert liquid holdings for creditor settlements. These operations have already processed over $1 billion worth of SOL.
The estate has avoided liquidating all released tokens simultaneously. The approach involves distributing transfers across multiple addresses and exchange platforms, including Coinbase and Binance.
The recent unstaking operation generated minimal immediate impact on Solana’s trading value. Throughout this period, SOL maintained relatively stable pricing in the low-$80 territory.
Market participants have observed numerous FTX-related SOL movements since late 2022. Consequently, planned token releases now arrive with minimal market disruption compared to earlier reactions.
The weekend’s transfer aligns with this established operational pattern, representing another measured release. Arkham’s blockchain analysis confirmed the source wallet’s connection to Alameda.
The distribution process operates under court supervision, with asset transfers continuing within that regulatory structure. The receiving wallet has consistently accepted tokens designated for creditor allocations.
This weekend’s operation added 198,425 SOL to the available distribution pool. During the transaction, the batch represented approximately $16 million in market value.
Estate documentation characterizes these transfers as progressive steps toward authorized creditor distributions. Current blockchain evidence confirms the SOL completed the unstaking process and arrived at the estate wallet over the weekend.
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