Alameda Research, the collapsed trading firm linked to the FTX bankruptcy, unstaked over 197,000 Solana worth $17 million and transferred the funds to its bankruptcy account, according to on-chain data.
The move is part of ongoing monthly distributions to creditors still awaiting repayment from one of crypto’s largest insolvencies.
Alameda addresses held approximately 5 million SOL worth over $750 million as of July 2025, per Arkham Intelligence, with much of it staked.
After the latest unstaking, the entity maintains 3.5 million SOL valued at $326 million at current market prices across its on-chain accounts.
Alameda Research served as the trading arm closely affiliated with FTX, the exchange founded by Sam Bankman-Fried that spectacularly collapsed in November 2022.
The firm’s failure triggered cascading losses across the crypto industry and left creditors facing billions in claims. Bankruptcy proceedings have since worked to recover and distribute remaining assets to those affected by the implosion.
Solana holdings represent a huge portion of the estate’s recoverable value. The token traded around $10 in the months after the exchange’s collapse but has since recovered sharply.
SOL traded at $87 at press time, rising 2% in the past day but still down around 70% from its record high of $293 recorded last January, per TradingView.
