Alameda Research, under the FTX bankruptcy estate, is currently repaying billions of dollars to creditors. Today, Alameda has moved $17 million worth of Solana after unstaking the tokens.
The move is part of the ongoing process to recover assets and repay billions of dollars to creditors affected by the FTX collapse.
Alameda Research Unstakes $17M in Solana
According to data from Arkham Intelligence, about 197,637 Solana (SOL) worth around $17.08 million was moved from an Alameda staking wallet to an address linked to the FTX bankruptcy estate.
Similar transfers have happened many times as the bankruptcy team continues to manage and move the remaining crypto assets.
Even after this large transfer, wallets connected to Alameda Research still hold about 3.75 million SOL, worth roughly $321 million at current prices. This makes SOL the largest asset in Alameda’s on-chain portfolio.
The firm also holds other digital assets, including Bitcoin, stablecoins, and several smaller tokens.
Funds Likely Linked to Creditor Repayments
Since the collapse of FTX in 2022, administrators have been gradually unlocking and moving digital assets tied to Alameda and related wallets.
Under the court-approved restructuring plan, the bankruptcy estate aims to repay 100% of creditor claims plus interest.
According to the Commodity Futures Trading Commission, a New York court ordered FTX and Alameda Research to pay $12.7 billion to customers who lost money in the fraud. This includes $8.7 billion in restitution and $4 billion in disgorgement, which will be used to compensate victims for their losses.
As of March 2026, the bankruptcy process has already returned about $7.6 billion to creditors. However, repayments are still ongoing, with roughly $5.1 billion in principal claims remaining.
How will this Impact Solana Price?
Despite the large transfer, the price of Solana has shown slight volatility. As the SOL price is currently trading around $86.86.
Meanwhile, the token has remained down about 28% over the past year and is still far below its all-time high of $294.
For the past two months, Solana has largely traded sideways, moving within a
range between $69 and $126. This consolidation phase suggests that buyers and sellers are waiting for stronger market signals before pushing the price in either direction.
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