FTX and Alameda continue to manage substantial Solana holdings during the bankruptcy process. However, despite significant token activities, the market remains stable.
Solana Holdings Managed by FTX and Alameda
As of June 2025, the staking address of FTX and Alameda holds over 5 million Solana tokens, amounting to approximately $726 million. These holdings are under the management of the bankruptcy process overseen by administrators and court-appointed trustees.
Recent Unstaking Actions and Their Impact
Recent unstaking actions have led to the transfer of 188,000 SOL tokens to more than 30 new addresses. These asset movements signal potential sales on decentralized exchanges. Despite these operations, Solana's value remains relatively stable, indicating the market's capacity to absorb large asset movements.
Analysts' Observations and Forecasts
Analysts are closely monitoring the actions of FTX and Alameda, as each major unstaking event can precede possible market sell-offs. As noted by an analyst from Arkham Intelligence: "Each major unstaking event is closely tracked by on-chain analysts and typically prefaces possible market sell-offs."
While FTX and Alameda's actions draw attention from market analysts and participants, current trends indicate that the Solana market remains resilient despite significant asset movements.
