FTX/Alameda has unstaked 3.03 million Solana (SOL) tokens worth approximately $431.4 million, distributing them across 37 wallets.
FTX/Alameda's SOL Transfer
The address CVjsf5…shH63R received the largest portion, 892,800 SOL, valued at approximately $128 million. In total, 12 addresses received more than $10 million each. This is part of the consistent monthly token movement FTX/Alameda has engaged in since November 2023.
FTX Creditor Repayment Process
FTX has recently begun its creditor repayment process, initially distributing $1.2 billion to smaller claim holders with claims under $50,000. This process officially started on February 18, aiming to return $6.5 to $7 billion in the first phase.
SOL Sales amid Bankruptcy
FTX has liquidated 41 million SOL as part of its bankruptcy proceedings. Galaxy Digital emerged as the largest buyer, acquiring 25.52 million SOL, yielding significant returns amidst Solana's price growth.
FTX/Alameda's active unstaking and creditor repayment activities reflect their current asset management strategy amid bankruptcy and restructuring efforts.
