Loading Search...
Alameda unstaked $16M SOL to FTX creditor wallet as part of ongoing distributions, signaling continued asset liquidation from the estate.
Author: Akshat Thakur
Steady attention without excessive speculation.
April 13, 2026 – Alameda Research unstaked roughly 198,426 SOL worth $16.18 million. The tokens moved to a wallet tied to creditor distributions in the FTX bankruptcy estate. Arkham Intelligence flagged the transaction on April 13, noting it mirrors a transfer from one month earlier.
High Signal Summary For A Quick Glance
Lock In
@lockintrade
@arkham been watching alameda wallets for 2 years and honestly the funniest part is they still have money to move
ALAMEDA JUST MOVED $16M OF SOL Alameda Research just unstaked $16M of SOL and sent it to an address that distributes SOL to creditors. The last time they did this was 1 month ago. Will they be distributing this as well? https://t.co/8BoPwL1532
07:24 AM·Apr 13, 2026
Crypto_Rexy🧘♂️
@Promirexy
@arkham This is part of FTX bankruptcy recovery, not trading activity Unstaking usually signals potential selling pressure, but here it’s tied to repayments Same pattern happened last month, so it’s likely another distribution cycle Key takeaway This is creditor repayment flow, not
ALAMEDA JUST MOVED $16M OF SOL Alameda Research just unstaked $16M of SOL and sent it to an address that distributes SOL to creditors. The last time they did this was 1 month ago. Will they be distributing this as well? https://t.co/8BoPwL1532
05:40 AM·Apr 13, 2026
jnwlee
@jnwlee0x
@arkham There is only one question: is the market now strong enough to calmly swallow this supply, or will we see the classic "FTX-tax" again in the form of short-term pressure on the price? Given that they still have ~3.5M SOL in their hands, the story is clearly not over.
ALAMEDA JUST MOVED $16M OF SOL Alameda Research just unstaked $16M of SOL and sent it to an address that distributes SOL to creditors. The last time they did this was 1 month ago. Will they be distributing this as well? https://t.co/8BoPwL1532
05:18 AM·Apr 13, 2026
The on-chain move sent 198,426 SOL from a staking account controlled by Alameda into the FTX distribution wallet. At the prevailing price of around $81.99, the batch carried a value of $16.18 million. Arkham’s post included transfer screenshots, portfolio data, and a wallet flow diagram.
This is not the first time. In March, the estate followed the same playbook with 197,637 SOL worth about $17 million. A similar batch also moved in February.
According to on-chain records tracked by Arkham, CoinDesk, and Odaily, these transfers form part of the FTX estate’s court-supervised liquidation. The estate has already moved nearly 9 million SOL since late 2023. Each batch follows the same route: unstake, transfer, then send to OTC desks or exchanges.
Even after this latest unstaking, Alameda’s on-chain footprint remains large. According to Arkham, the tracked entity holds assets worth $378.4 million across 388,100 addresses. The SOL position alone sits at $292.85 million, with 3.57 million tokens still staked.
At the current pace of roughly 200,000 SOL per month, the estate could need around 18 months to unwind the rest. That timeline depends on market conditions and court rulings.
Alameda Research was the trading arm founded by Sam Bankman-Fried. It held one of the largest SOL positions in crypto before the November 2022 collapse. Early Solana ecosystem investments left the firm with millions of tokens.
After FTX filed for bankruptcy, the estate came under restructuring CEO John J. Ray III. The FTX Recovery Trust began converting staked holdings into cash for creditor repayment.
By March 2026, the trust had completed a fourth distribution round worth $2.2 billion. Further record dates for preferred equity holders are set for April and May.
Key milestones in Alameda Research / FTX SOL Unstaking
FTX and Alameda collapse, revealing massive SOL holdings accumulated from early ecosystem investments, now controlled under the bankruptcy estate.
Estate initiates phased liquidation, unstaking SOL and routing assets through bankruptcy wallets to OTC desks, exchanges, and custodial partners for creditor repayments.
Monthly cadence emerges, including 197,637 SOL unstaked in March (~$17M), contributing to ongoing multi-billion-dollar creditor distribution rounds.
Alameda unstakes 198,426 SOL (~$16.18M), with 3.57M SOL remaining; structured releases continue as part of predictable, calendar-driven distributions impacting market supply.
Staked SOL sits in validator contracts earning rewards on Solana’s network. Unstaking releases the tokens after a brief cooldown. From there, the tokens flow into the designated bankruptcy wallet.
Historically, batches from this wallet have reached OTC desks, centralized exchanges, or providers like BitGo, Kraken, and Payoneer. Arkham data also shows portions landing with market maker Wintermute before converting to fiat or stablecoins. Instead of a market flood, the pattern creates steady, calendar-driven supply.
Previous identical unstakes in February and March produced only muted price reactions. Creditors and secondary markets absorbed the supply without sustained disruption. As a result, traders have grown accustomed to these flows.
Still, the repetition keeps the FTX overhang visible. Solana’s price sits near multi-month highs, so any fresh selling pressure draws attention. Community replies to Arkham’s post speculated about a potential “FTX tax” dip, but history shows these batches clear within days through OTC channels.
No public statement has come from the FTX Recovery Trust about this specific transfer. The estate’s communications have focused on broader distribution schedules instead.
The newly unlocked SOL will likely sit briefly in the distribution wallet. From there, it could head to exchanges or go directly to creditors who chose in-kind or cash settlements. The estate has signaled more distributions through 2026.
With 3.57 million SOL still staked, further monthly unstaking rounds appear probable. The position represents one of the larger known overhangs in SOL’s history. If the market stays constructive, these flows should keep clearing smoothly. If sentiment sours, the schedule of known unstakes could add short-term volatility.
This is not financial advice. Always do your own research before making investment decisions.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
