Key Highlights
- Alameda-linked addresses unstaked 197,637 SOL (worth ~$17M) on March 11, 2026, and transferred it to an FTX bankruptcy wallet for creditor payouts.
- The estate continues routine unlocks since late 2023; FTX has already returned ~$7.1B, with another major tranche planned for late March 2026.
- Their holdings remain heavily weighted toward SOL (~$321M). Monthly releases add minor but recurring selling pressure.
Addresses linked to Alameda Research unstaked 197,637 Solana (SOL) tokens, on March 11, 2026 16:59:53 UTC, valued at roughly $17 million. The move, noted by on-chain intelligence platform Arkham, aligns with routine liquidation efforts overseen by bankruptcy administrators.
As per on-chain data, the assets were promptly transferred to an FTX-linked bankruptcy wallet, continuing a pattern of monthly distributions to creditors that has been underway for more than two years.
Since late 2023, the estates of the collapsed crypto exchange FTX and its affiliated trading firm Alameda have periodically unlocked and distributed staked SOL to help repay victims of the November 2022 implosion.
Court-approved plans have already seen billions returned in cash and crypto, with recent rounds focusing on larger claims. The FTX estate has distributed approximately $7.1 billion across prior payouts, and another significant tranche is slated for late March 2026.
Alameda’s on-chain holdings remain substantial. According to Arkham’s tracking, the entity still controls SOL worth about $322 million—making it the dominant asset in a portfolio that also includes smaller positions in Bitcoin and stablecoins, totaling around $406 million overall. Much of this SOL stake traces back to Alameda’s heavy early investments in the Solana ecosystem during 2020 and 2021, when Founder Sam Bankman-Fried aggressively backed protocols and infrastructure on the network.
The unstaking drew immediate attention from traders, as such transfers have historically preceded sales that add selling pressure to SOL’s price.
At the time of publishing, Solana was trading around $86.3—as per CoinMarketCap data—showing modest fluctuations amid broader market conditions. While individual monthly unlocks are relatively small compared to Solana’s total circulating supply, they contribute to ongoing liquidity dynamics in a network that has faced repeated overhang concerns from FTX-related holdings.
The FTX collapse, triggered by revelations of massive customer fund misuse and Alameda’s risky leveraged trading, led to Bankman-Fried’s conviction and a 25-year prison sentence. Creditors, ranging from retail users to institutional players, have gradually recovered funds through structured distributions, though full resolution remains years away amid ongoing litigation and asset recovery efforts.
This latest transaction underscores the slow, methodical unwinding of one of crypto’s most damaging failures, with Solana continuing to serve as a key vehicle for creditor repayments.
Also read: BONK.fun Hack Exposes Users to Wallet Drainer Threat
