An address linked to Alameda Research recently unstaked 198,000 SOL ($16 million) at a trading price between $80 and $82 per coin. These unstaked SOL holdings are part of the ongoing FTX bankruptcy proceedings. This recent action continues a predictable monthly pattern that has characterized asset management since the 2022 collapse.
Blockchain analytics platform Arkham Intelligence reveals that the FTX estate still holds substantial Solana reserves estimated at around 3.5 million coins. Market participants now weigh potential implications for Solana’s price stability amid these controlled releases.
Alameda to Distribute $16M in SOL
According to Arkham Intelligence, the SOL holdings were transferred from an Alameda-controlled staking address to the central bankruptcy estate wallet designated for creditor repayments. This step aligns with previous monthly transfers, including $17 million in March 2026 and $15.9 million in February 2026, which followed identical procedures.
The estate maintains careful oversight to convert assets into usable funds while minimizing market disruption through staggered handling. Court-approved strategies emphasize orderly liquidation that avoids sudden, large-scale sales on public exchanges.
Similar past actions have fed into broader distribution rounds that already delivered billions of dollars back to verified claim holders over multiple phases. Analysts observe that these periodic unstakings are part of a deliberate long-term plan, managed under strict judicial supervision, to maximize overall recoveries. The process reflects steady progress toward concluding the complex FTX wind-down that began years ago.
Will Creditors Hold or Dump?
The key uncertainty, however, concerns how creditors will handle their eventual Solana allocations once they are distributed. Historical patterns from earlier FTX payouts indicate that roughly 30-40% of distributed assets reach exchanges within the first 30 days. This suggests that some creditors opt for immediate selling.
Interestingly, though, the SOL market has not experienced any significant price change due to a sell-off by Alameda creditors. Still, there are instances where the coin saw mild price dips of about 2% following heavy dumping. However, the asset’s price soon bounced back up.
Holding patterns, on the other hand, have helped preserve confidence. It has also attracted additional staking activity, strengthening Solana’s fundamentals over time. The estate’s structured approach of small regular tranches has proven effective at preventing major sell-offs that could otherwise harm creditors and the broader crypto ecosystem.
Observers continue to track these dynamics closely as the bankruptcy advances toward full resolution. At the same time, SOL demonstrates resilience amid recurring supply adjustments.
Jonathan Agozie | July 3, 2026
Mishael Nwani | June 29, 2026
