Krutika Adani
$35.5M SOL Freed From Cold Storage
An Alameda Research wallet has unstaked 190,821 SOL worth $35.5M. First staked in 2020 for $352K, the position has grown nearly 100x in under five years.
Following a $125M Staking Shift
Just last week, FTX and Alameda wallets staked $125M in Ethereum and Solana. The new unstake signals a possible change in asset management priorities.
Tied to Creditor Payout Timeline
The move comes ahead of the September 30 payout to FTX creditors, with claims due by August 15. Final repayments could total $14.7B–$16.5B.
Post-FTX Collapse Recovery Efforts
Since Sam Bankman-Fried’s conviction, new management has repaid $6.2B to creditors. The unstaked SOL could be part of the next repayment round.