FTX Alameda continues its asset liquidation within the bankruptcy proceedings, as evidenced by the recent unstakes of a significant amount of Solana SOL valued at $31.5 million.
FTX Alameda's Actions with Solana SOL
Recently, FTX Alameda unstaked 188,000 SOL tokens, totaling approximately $31.5 million. The funds were distributed across 30 different blockchain addresses, indicating the ongoing liquidation of assets to repay creditors.
Reasons for FTX Asset Movements
The movement of assets is driven by the need to gather funds to repay debts following the collapse of FTX and Alameda Research. Unstaking SOL involves a period during which the tokens are unlocked and made available for sale.
The Future of FTX Alameda's Assets
Despite the significant amount of assets that have been unstaked, the estate still holds 5.046 million SOL, with an approximate value of $726 million. This indicates that the liquidation process is far from over and further sales may occur.
The movement of 188,000 SOL by FTX Alameda signifies an important indicator of the ongoing asset liquidation procedure. Given the remaining 5 million SOL, monitoring future actions will be crucial for crypto market participants.
