Alameda Research, the trading arm affiliated with the collapsed crypto exchange FTX, has shifted approximately $16 million worth of Solana (SOL) in a move that may be tied to ongoing creditor repayment efforts.
According to blockchain analytics firm Arkham Intelligence, the firm recently unstaked a large amount of SOL and transferred it to a wallet address previously linked to creditor distributions. In proof-of-stake systems, unstaking allows participants to withdraw tokens that were earlier locked to support network operations and earn rewards.
Repeated Pattern Strengthens Repayment Speculation
This is not the first time Alameda has followed this approach. About a month ago, the firm executed a nearly identical transaction—unstaking SOL and sending it to the same address associated with payouts. That earlier move raised expectations that the assets were being prepared for redistribution to affected creditors.
While there is no formal confirmation that the most recent transfer will be immediately distributed, the repetition of this pattern suggests a deliberate and ongoing process rather than a one-time transaction. Analysts believe this consistency points toward a structured repayment strategy as part of Alameda’s broader financial resolution.
Solana Maintains Market Position Despite Price Drop
Solana (SOL) continues to rank among the world’s leading digital assets, with a market capitalization of approximately $47 billion. At the time of writing, the token is trading around $82, showing minimal movement within the last 24 hours.
However, SOL remains significantly below its all-time high of about $293, which it reached in January 2025. Despite the price decline, the network retains strong relevance within the blockchain ecosystem, particularly for decentralized applications and high-speed transactions.
Alameda’s Rise and Deep Market Influence
Founded in 2017 by Sam Bankman-Fried, Alameda Research began as a quantitative trading firm focused on capitalizing on price differences across crypto exchanges. Over time, it evolved into one of the most influential liquidity providers in the industry.
At its peak, Alameda handled billions of dollars in trading volume and operated across multiple segments, including spot trading, derivatives, and structured financial products. Its extensive involvement made it a central player in the digital asset market prior to its collapse.
Significant SOL Holdings Remain
Despite ongoing bankruptcy proceedings, Alameda still holds a considerable amount of Solana tokens. Data from Arkham Intelligence shows the firm retains approximately 3.5 million SOL, valued at over $290 million based on current market prices.
These remaining holdings could play a key role in future creditor repayments, depending on how the liquidation and restructuring process progresses.
Market Watches for Next Moves
As Alameda continues to move assets on-chain, investors and creditors are closely monitoring each transaction for signs of upcoming distributions. While uncertainty remains, the firm’s consistent actions suggest that efforts to return funds are actively underway, offering cautious optimism to those affected by the FTX collapse.
