A long-dormant Solana staking position linked to the collapsed trading firm Alameda Research has unlocked after five years, delivering one of the more striking examples of crypto asset recovery in the ongoing FTX bankruptcy.
On-chain data from Arkham shows the Alameda-linked wallet unstaked 201,741 SOL on August 11, 2026 08:36:22 UTC, now valued at approximately $15.27 million.
An October 17, 2020 transaction shows that the original stake amount was originally 164,383.56, worth only about $352,000 when it was locked.
Within hours of the unlock, nearly the entire amount was moved onward. Arkham Intelligence records confirm that Alameda Research’s FTX/Alameda Staking wallets transferred a total of approximately 201,777 SOL (roughly $15.2 million) across more than two dozen separate transactions to multiple BitGo Custody addresses.
The move has drawn attention across crypto markets because it demonstrates both the power of long-term staking rewards and the methodical process by which the FTX estate continues to liquidate remaining holdings for creditors.
Dramatic Value Growth Over Five Years
While the stake account originally held 164,380 SOL, it accrued roughly 37,360 additional SOL in staking rewards over the five years period. At current prices near $76 per SOL, those rewards alone are worth about $2.83 million.
The original deposit dated back to around 2021, when Solana traded near $2.20, as per historic price data from CoinMarketCap. The position remained frozen through Alameda Research’s collapse alongside FTX in November 2022 and the subsequent years of bankruptcy administration. While many assets were sold or redistributed earlier, this particular stake sat untouched until the unlock window arrived in August 2026.
The roughly 43-fold increase in value illustrates Solana’s recovery from its post-2022 lows. It also highlights the compounding effect of native staking yields that continued to accumulate even while the broader FTX estate was under court supervision.
On-Chain Activity and Transfer Details
Shortly after the 201,741 SOL unstaking from the original stake account, the tokens were rapidly distributed. Detailed Arkham transaction logs show the funds left the Alameda Research: FTX/Alameda Staking wallets in a series of transfers totaling approximately 201,777 SOL.
These included both larger batches (such as 91,997 SOL and 19,660 SOL) and many smaller ones ranging from a few hundred to several thousand SOL. All were sent to distinct BitGo Custody addresses within a short window roughly 12 hours after the unstaking.
BitGo is a regulated digital-asset custodian frequently used by the FTX Recovery Trust for secure holding and distribution of recovered funds.
Observers noted the fragmented pattern of transfers is consistent with preparations for an over-the-counter (OTC) sale rather than open-market selling. Such structured transactions allow the estate to convert large quantities of tokens into cash or stable assets without creating significant immediate pressure on exchange order books.
Similar transfers of SOL and other tokens have occurred periodically since 2023 as the estate systematically monetizes remaining holdings.
Implications for Creditors and Next Steps
The FTX bankruptcy estate has already returned substantial value to creditors. Multiple distribution rounds have taken place, with the July 2026 payout alone totaling about $900 million. Many creditor classes have now recovered more than 100% of their allowed claims measured at petition-date prices, an uncommon outcome in a case of this magnitude.
Read: FTX Creditors’ 105% Recovery: Why Exchange’s Clients Are Getting More Than They Lost
Proceeds from this latest SOL position—now sitting in BitGo custody—are expected to feed into future distributions. BitGo serves as one of the primary rails—alongside Kraken and Payoneer—for delivering funds to eligible claimants who completed the required verification steps. Liquidity generated through OTC sales of recovered tokens helps the estate meet remaining obligations while managing market impact.
Sam Bankman-Fried, the founder of FTX and Alameda, continues to serve a 25-year prison sentence. The estate, however, operates independently under court-appointed oversight and has focused on maximizing recoveries. Solana still represents a meaningful portion of remaining digital-asset holdings across Alameda-linked addresses, though the residual balance is lower after this transfer.
Market participants will watch for any subsequent sales of the BitGo-held tokens and for announcements regarding the next formal distribution timeline. For now, the unlocked stake and its precise onward movement of roughly 201,777 SOL stand as a concrete reminder that certain frozen positions from the FTX era have continued to grow quietly in the background, ultimately adding meaningful dollars to the recovery pot available for creditors.
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