Key Highlights
- Alameda Research withdrew 198,425 SOL from staking and sent the entire amount to a wallet controlled by the FTX bankruptcy estate.
- The SOL tokens were valued at approximately $16 million at the time of the transaction.
- Arkham Intelligence identified the source wallet as belonging to Alameda and monitored the transfer through blockchain records.
- Following several monthly unstaking operations, the FTX estate maintains roughly 3.5 million SOL in its holdings.
- The latest transfer had minimal impact on Solana’s market price, which remained stable.
Over the weekend, Alameda Research executed a transfer of 198,425 SOL to a wallet managed by the FTX bankruptcy estate following an unstaking operation. The transaction, valued at roughly $16 million, represents another step in the ongoing process of repaying creditors.
Estate Wallet Collects Another Scheduled SOL Installment
According to Arkham Intelligence data, the address associated with Alameda first released the SOL from staking protocols before initiating the complete transfer. The bankruptcy estate’s designated wallet successfully received all tokens following the transaction’s completion.
ALAMEDA JUST MOVED $16M OF SOL
Alameda Research just unstaked $16M of SOL and sent it to an address that distributes SOL to creditors.
The last time they did this was 1 month ago. Will they be distributing this as well? pic.twitter.com/8BoPwL1532
— Arkham (@arkham) April 13, 2026
This particular wallet has been central to numerous asset movements throughout the bankruptcy proceedings. It serves as a hub for coordinating distributions and facilitating transfers to cryptocurrency exchanges when required.
The recent transaction mirrors a comparable operation from March, when Alameda withdrew approximately 197,000 SOL—valued at around $17 million at that time—and directed it to the identical destination wallet.
Despite this latest withdrawal, the FTX estate maintains substantial Solana holdings. Current data indicates that wallets connected to Alameda retain close to 3.5 million SOL following the most recent transfers.
These holdings have been estimated to be worth between $294 million and $320 million in recent assessments. Nevertheless, the estate has been systematically decreasing its position through consistent monthly unstaking operations.
Following FTX’s collapse in 2022, the bankruptcy estate has executed multiple staking withdrawals in comparable portions. Previous unstaking events included batches of 192,000 SOL and 196,611 SOL, according to available records.
At the time of those earlier transfers, the batches were valued at approximately $45 million and $16 million respectively. The estate processed these tokens in preparation for either distribution to creditors or liquidation.
SOL Market Remains Steady Despite Ongoing Estate Operations
Bankruptcy court documentation instructs the administrative team to collect and convert liquid assets to satisfy creditor obligations. This initiative has already processed over $1 billion worth of SOL.
The estate has avoided liquidating all released tokens simultaneously. Instead, transfers have been distributed across multiple addresses and trading platforms, including Coinbase and Binance.
The most recent unstaking event generated minimal immediate effect on Solana’s trading price. Throughout this period, SOL maintained relatively stable pricing in the lower $80 range.
Market participants have observed numerous FTX-related SOL movements since the end of 2022. Consequently, planned token releases now occur without triggering the dramatic market responses witnessed in earlier instances.
This current transfer aligns with the established operational pattern and represents another methodical release. Arkham’s blockchain analysis confirmed the originating wallet’s connection to Alameda Research.
The distribution process operates under court oversight, with all asset movements occurring within that regulatory structure. The receiving wallet has consistently accepted tokens designated for creditor compensation.
This weekend’s operation added a fresh allocation of 198,425 SOL to that reserve. When the transfer executed, the tokens carried a market value of approximately $16 million.
Official estate documentation has characterized these movements as progressive steps toward authorized distributions. Current blockchain evidence confirms that the SOL was withdrawn from staking and successfully delivered to the estate wallet during the weekend period.
