Alameda Moves $16 Million in SOL for Creditor Payments

Alameda Research, the bankrupt sister company of FTX, has unstaked approximately $16 million worth of Solana's SOL token. Data indicates these funds were moved to an address associated with creditor repayments.

This action follows a consistent pattern observed previously, where Alameda unstakes crypto assets and routes them to distribution addresses for creditors. The repetition suggests a continued process of asset liquidation for repayment purposes.

Solana's native token, SOL, currently holds a market capitalization of $47.26 billion, ranking it as the seventh-largest digital asset. SOL is trading near $82, showing little change over the past 24 hours.

Founded by Sam Bankman-Fried, Alameda was once a significant liquidity provider in the crypto markets. The firm still holds an estimated 3.5 million SOL tokens, valued at approximately $294.10 million, according to Arkham.