🚨 Alameda Unstakes $16M in $SOL for Creditor Distributions 💸
According to Arkham Intelligence, Alameda Research (linked to the FTX bankruptcy estate) has just unstaked approximately 198,000 SOL worth ~$16 million and transferred it to a wallet associated with creditor payouts.
This follows their regular monthly pattern — similar moves happened in February ($15–16M) and March ($17M).
Key Details:
• The unstaked SOL is headed toward distribution to FTX/Alameda creditors.
• Alameda/FTX estate still holds a substantial bag: ~3.5 million SOL (worth hundreds of millions).
• These periodic releases add to potential supply pressure, though the market has absorbed previous distributions without major crashes.
This is part of the ongoing wind-down of the FTX bankruptcy proceedings, repaying billions to affected customers and creditors.
Market Context: SOL continues trading around $80–85 range amid these flows. Watch for any large transfers to exchanges or OTC desks in the coming days.
What do you think — bullish for SOL long-term or more overhang ahead?
