The long-unfolding saga of FTX and Alameda Research continues to generate significant on-chain activity. According to Cointelegraph , a fresh round of large-scale Solana (SOL) unstaking has taken place, with 186,326 SOL, valued at approximately $21.5 million, withdrawn from staking by FTX/Alameda-affiliated addresses. The move was confirmed by blockchain tracking data and further verified by analytics from platforms like Whale Alert, known for monitoring high-value crypto transfers in real time. The Unstaking Event and Its Implications The transaction log reveals a “WITHDRAW STAKE” action originating from a wallet associated with FTX/Alameda, shifting the massive SOL amount back into liquid circulation. This is not an isolated incident, as similar movements have been recorded in previous weeks, showcasing ongoing efforts by the defunct crypto empire to consolidate or potentially liquidate assets. Such large unstaking events are typically viewed with a mix of curiosity and caution. On one hand, they can indicate preparation for asset repositioning or sales. On the other hand, they may be purely administrative—linked to ongoing bankruptcy proceedings and creditor settlements under court supervision. The value of the unstaked SOL—$21,513,220.66—is substantial, especially considering the broader context of Solana’s resurgence in market cap and adoption. SOL has seen increased attention from institutional investors and developers alike, making any significant movement involving it highly visible. A Pattern of Transfers Data from the uploaded transaction history shows not just the recent $21.5 million unstake, but a series of prior SOL transfers—some in and out of the FTX/Alameda Staking Address—totaling tens of millions of dollars over the past month. This suggests a coordinated realignment of staking strategies, possibly to reallocate tokens for liquidity needs or fulfill legal obligations under the ongoing bankruptcy resolution process. The most notable of the past movements include multi-million-dollar SOL transfers, with amounts like 11,260,666 SOL, 6,233,235 SOL, and 5,025,857 SOL changing hands within a span of days. These figures represent more than casual activity—they reflect systematic adjustments by entities managing what remains of FTX/Alameda’s crypto holdings. Broader Market Reaction Despite the scale of the unstaking, the Solana market has shown resilience. The lack of immediate dumping on exchanges has helped mitigate panic among traders. Nevertheless, watchers remain alert to any signs of these tokens hitting centralized exchanges, which could increase short-term sell pressure. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market analysts have cautioned that while unstaking doesn’t guarantee liquidation, it does remove a crucial lock-up barrier, enabling more fluid capital movement. Given the scrutiny on FTX’s bankruptcy estate —now managed by restructuring professionals—every such transaction is likely documented and intended to serve a transparent objective. FTX’s Asset Mobilization Continues Since the collapse of FTX in late 2022, the estate has been engaged in an extended process of asset recovery and redistribution. This includes liquidating crypto holdings, recovering funds from partners, and preparing for creditor compensation. Solana has consistently ranked among FTX’s largest holdings, given founder Sam Bankman-Fried’s early support and investment in the chain. While these moves may stoke market speculation, they are, more often than not, part of a legal framework aimed at ensuring as much value recovery as possible for affected users and investors. The recent unstaking of 186,326 SOL by FTX/Alameda, flagged by Whale Alert and brought to the forefront by Cointelegraph, reinforces the importance of blockchain transparency in today’s digital asset markets. For observers, the event is both a technical adjustment and a reminder of the unfinished business surrounding one of crypto’s most dramatic downfalls. As Solana’s role in DeFi and real-world applications grows, such large-scale movements—especially by major defunct institutions—will continue to be closely tracked for their ripple effects across the ecosystem. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post FTX/Alameda Unstakes 186,000 Solana (SOL). Here’s The Implication appeared first on Times Tabloid .
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