Alameda Research, the embattled sister firm of the bankrupt FTX exchange, has unstaked approximately $16 million worth of Solana (SOL) tokens. Data from blockchain analytics firm Arkham Intelligence confirms the assets were subsequently moved to an address designated for creditor distributions.
Unstaking involves removing digital assets from a proof-of-stake network where they were previously locked to earn rewards and secure the blockchain. This latest maneuver aligns with a strategy observed by the firm over the past month, where similar tranches of tokens were moved to the same repayment address.
A Continuing Pattern of Liquidation
While officials have not issued a formal statement regarding an immediate payout, the repetition of this transfer pattern suggests an ongoing, systematic approach to the liquidation of Alameda’s remaining assets. The firm, founded by Sam Bankman-Fried in 2017, once operated as a primary liquidity provider for the crypto market before its collapse.
Despite these recent transfers, Arkham reports that Alameda continues to hold a significant reserve of Solana. The firm’s remaining holdings are estimated at approximately 3.5 million SOL, valued at roughly $294.1 million at current market prices.
Solana remains the seventh-largest digital asset globally, boasting a market capitalization of over $47 billion. The token traded near $82 at the time of reporting, showing little change over the last 24 hours. The asset remains well below its all-time high of $293 recorded in January 2025.
Alameda’s history as a quantitative trading powerhouse saw it exploit arbitrage opportunities across various global exchanges. Its current restructuring process, following the parent company's bankruptcy, remains a focal point for investors tracking the recovery of lost client funds.
