Defunct crypto exchange FTX’s sister company, Alameda Research, just unstaked 198,425 SOL worth around $16 million and moved it to an FTX creditor distribution wallet.
The transfer is part of the ongoing $12.7 billion repayment plan, and with $5.1 billion still owed.
According to on-chain data tracked by Arkham Intelligence, Alameda Research’s staking account transferred approximately 198,425 SOL, valued at around $16.18 million, to an FTX-linked bankruptcy wallet.
Despite this transfer, Alameda still holds around 3.57 million SOL, valued at over $293 million.
This is not the first time Alameda has unstaked large amounts of Solana. Earlier in March 2026, Alameda unstaked $17 million worth of SOL as part of the same repayment process.
All this transfer is a part of ongoing payments to creditors after one of crypto’s biggest collapses. Meanwhile, a New York court ordered FTX and Alameda to repay $12.7 billion, of which $7.6 billion has been paid so far, with about $5.1 billion remaining.
The bankruptcy team is not selling everything at once. Instead, they are splitting the total amount into smaller parts and moving them through different wallets. This helps avoid a sudden crash in SOL price and protects the value for creditors.
Even with this careful approach, SOL is down about 1% in the last 24 hours, trading near $81.93.
In the past, each large unlock caused a short-term drop of around 3%–5% as traders expected more selling.
With billions still to recover and monthly transfers continuing, Alameda’s SOL wallet will remain one of the most watched addresses in crypto until the final creditor is made whole.
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