Alameda Unstakes $16M Of Solana As Payment Process Continues After FTX Crash
13 Apr 2026 · 08:58 UTC · The Merkle RSS Feed · Original source
Read original at The Merkle RSS Feed →
Summary
Alameda Research has unstaked approximately $16 million worth of Solana tokens and transferred them to a wallet designated for creditor distributions. The on-chain activity is part of the ongoing repayment process following the FTX exchange collapse. These transfers represent continued progress in liquidating Alameda assets and distributing recovered funds to creditors affected by the bankruptcy proceedings.
Why it matters
The FTX collapse in late 2022 created acute systemic risk concerns; nearly 3.5 years later, the recovery process is normalized, reducing crisis-phase volatility. This on-chain activity demonstrates three key points: (1) Alameda retains substantial Solana holdings, (2) recovery mechanisms are functional and operational, and (3) creditors are eventually receiving repayment. Key drivers of impact: visible recovery progress improves confidence in institutional safeguards (positive sentiment); asset liquidations create supply-side pressure on SOL. The $16M transfer likely represents a portion of total holdings, suggesting sustained liquidation activity ahead. Impact probability varies by timeframe—shorter horizons (minute to daily) show direct SOL effects; longer horizons incorporate spillover sentiment effects to broader markets. Confidence is tempered by uncertainty around future liquidation schedules and market interpretation of the liquidation news.
Expected impact
Alameda's unstaking of $16M Solana for creditor distributions signals continued progress in the FTX bankruptcy recovery process. The on-chain activity demonstrates functional liquidation mechanisms and creditor repayment momentum, which may modestly improve sentiment regarding institutional resilience and crypto market recovery. However, ongoing Alameda asset liquidations could exert downward pressure on Solana prices as supply enters circulation. For Bitcoin, the impact is primarily sentiment-driven and indirect—visible recovery progress may support broader market confidence over daily-to-weekly horizons. For altcoins and Solana specifically, the impact is more direct, combining positive creditor repayment signals with mixed supply/liquidation effects.