The bankruptcy estate of FTX has moved approximately $17 million in Solana tokens as part of ongoing creditor repayments. Data shows Alameda Research, the trading firm linked to FTX, unstaked the SOL and transferred it to a distribution wallet. Despite this movement, Alameda-linked wallets still hold about $321 million worth of SOL. Meanwhile, broader Solana network staking activity remains resilient, with a net positive inflow recorded recently.
The FTX bankruptcy estate has moved another batch of Solana tokens as part of its ongoing creditor repayment process. Arkham data shows that Alameda Research recently unstaked approximately $17 million in SOL.
The funds were transferred to the estate’s bankruptcy distribution wallet, which manages repayments. This movement forms part of a broader pattern of periodic token distributions tied to the FTX restructuring process.
Despite the latest transfer, Alameda-linked wallets still hold about $321 million worth of SOL across on-chain accounts. Since the collapse of FTX in 2022, the estate has been gradually unlocking and redistributing digital assets to repay creditors.
While large holders continue to move tokens, broader staking activity on the Solana network remains healthy. Data on stake activation shows staking inflows recently outpaced withdrawals.
On March 11, approximately $246 million worth of SOL was activated while $170 million was deactivated. This resulted in a net positive staking change of about $75 million for the day.
Market activity in Solana has also been relatively stable following a sharp correction earlier in the year. SOL experienced a notable decline in February, falling from above $120 to levels near $80.
At the time of writing, SOL was trading around $86, with price action largely moving within an $80–$90 range. Technical levels suggest the $95–$100 area could act as a near-term resistance zone.
