FTX and Alameda Unstake 197,637 SOL Worth $17.07 Million

According to Arkham, Alameda moved about $17 million in unstaked SOL to bankruptcy-linked accounts while continuing monthly creditor distributions and still holding roughly $321 million in SOL on-chain.

SOL

Summary

Alameda unstaked 197,637 SOL worth about $17.07 million and transferred the tokens to bankruptcy-linked accounts, adding new detail to the earlier on-chain alert about the movement of Solana tokens. According to Arkham, Alameda distributes SOL to creditors on a monthly basis. Arkham also said Alameda’s on-chain accounts still hold about $321 million in SOL, indicating that the estate retains a substantial remaining Solana position despite the latest transfer.

Terms & Concepts
  • SOL: The native token of the Solana blockchain, used for transactions, network fees, and staking.
  • Unstaking: The process of withdrawing previously staked tokens so they can be transferred, distributed, or sold after becoming available.
  • Staking: Locking tokens to help support blockchain network operations, often in exchange for rewards.