Alameda Unstakes $16M SOL, Sends to FTX Creditors – Drama Unfolds

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Let’s talk about Alameda Research, the sister company to FTX that apparently believes in a five-star redemption arc: they just unstaked 198,425 SOL, about $16 million, and shoved it into an FTX creditor distribution wallet. Because nothing screams “get your money back” like a brisk SOL shuffle.

The transfer is part of the ongoing $12.7 billion repayment plan, and with $5.1 billion still owed. So basically, the debt is doing cardio while the assets are playing hide-and-seek.

198,425 SOL Unstaked and Sent to FTX Wallet

According to on-chain data tracked by Arkham Intelligence, Alameda Research’s staking account moved approximately 198,425 SOL, valued at around $16.18 million, to an FTX-linked bankruptcy wallet. Yes, math happened, and apparently someone white-knighted the transfer with a wallet address.

Despite this transfer, Alameda still holds around 3.57 million SOL, valued at over $293 million.

This isn’t the first time Alameda has unstaked large sums of Solana. Earlier in March 2026, Alameda unstaked $17 million worth of SOL as part of the same repayment process.

All this transfer is 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.

Will SOL Price Dip Now That Alameda Unstaked?

The bankruptcy team isn’t selling everything at once. They’re slicing the total amount into smaller chunks and moving them through different wallets. The goal? To avoid a dramatic SOL price crash and protect creditor value, which is basically the adult version of not crying in public.

Even with this carefully choreographed release, 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, because traders love drama more than free pizza.

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 paid and the plot twist finally ends.

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2026-04-13 13:51