FTX/Alameda Unstakes Significant SOL Worth $726 Million
- FTX controls significant Solana holdings amid bankruptcy estate management.
- Significant SOL tokens have been unstaked recently.
- Market impact from these moves appears muted for now.
FTX and Alameda’s staking address, as of June 2025, holds over 5 million Solana tokens, equating to around $726 million. Following earlier unstaking of 188,000 SOL, these tokens were distributed to multiple new addresses for potential liquidity moves.
The significant unstaking action by FTX/Alameda affects the Solana market, managing creditor obligations. Despite asset movements, Solana’s value remains stable with no drastic price changes reported.
“Each major unstaking event is closely tracked by on-chain analysts and typically prefaces possible market sell-offs.” — On-chain Analyst, Arkham Intelligence
The FTX and Alameda Research bankruptcy estate currently manages approximately 5 million SOL.
On-chain analysis indicates ongoing unstaking and asset distribution activities. These include over 188,000 unstaked tokens, distributed to more than 30 intermediary wallets.
Administrators and court-appointed trustees oversee the liquidation process. Unstaked assets moving through decentralized exchanges signal preparations for future sales. Despite apprehensions,
Solana’s value remains largely unaffected by these transactions.
Previous large-scale liquidations, particularly involving Ethereum and MATIC, prompted price fluctuations. However, ongoing
Solana unstaking shows market resilience. No direct statements are available from
key figures like Sam Bankman-Fried or current FTX leaders about these activities.
Analysis indicates these actions follow historical liquidation trends since FTX’s collapse in 2022. The persistent upkeep of Solana’s price suggests market absorption capacity for large-scale asset restructuring without significant downturns.
Official commentary lacks on these movements, yet on-chain monitoring continues to provide updates. The Solana community shows cautious engagement, with discussions prevalent on potential risks of broad-scale sell-offs.
