Daniel Walker
FTX and Alameda Research have withdrawn approximately 192,000 SOL — worth around $44.9 million — from staking positions, according to blockchain analytics provider EmberCN. The move, completed on Thursday, follows the regular monthly redemption cycle that has defined the firms’ asset liquidation strategy since their bankruptcy proceedings began.
EmberCN’s data shows that the bankrupt entities have now unstaked and transferred about 8.98 million SOL, valued near $1.2 billion, since November 2023. The average redemption price across these transactions stands at $134 per token.
Despite the continuous sell-offs, the staking address still holds 4.18 million SOL — worth nearly $977 million at current prices, according to Solscan.
Solana Price Climbs Despite Sell Pressure
Interestingly, Solana has shown resilience amid the steady liquidations. In the past 24 hours, SOL’s price surged 4.3% to $234.27, while over the last week the token has posted a 14.4% gain, according to PRIME’s price data.
Upcoming Creditor Payouts
The withdrawals come as FTX prepares its next creditor repayment round on September 30. While the exact size of this payout has not been disclosed, the exchange has already returned about $6.2 billion to customers across two previous distributions — $1.2 billion in February and $5 billion in May.
