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FTX Estate Unstakes $17 Million in Solana for Creditor Repayments

On-chain trackers show over $300 million in SOL remains under estate control, signaling more scheduled moves ahead.

Overview

  • Alameda Research unstaked about 197,000 SOL worth roughly $17 million and moved the tokens to the FTX bankruptcy distribution wallet, according to Arkham data.
  • The transfer forms part of the estate’s ongoing, phased distributions to repay creditors from the 2022 collapse.
  • Alameda-linked addresses still hold around 3.5 million SOL valued at approximately $321–$326 million on-chain.
  • Solana staking flows were recently net positive, with about $246 million activated versus $170 million deactivated on March 11, per Blockworks figures.
  • SOL traded around $86–$87 in recent sessions after a February drop, with $80 cited as support and $95–$100 as near-term resistance in market analyses.