FTX and Alameda-Linked Addresses Unstake $15.97 Million in Solana

Entities tied to bankrupt exchange FTX and Alameda Research unstaked 196,611 SOL valued at approximately $15.97 million, moving the tokens from staking into liquid form, onchain analytics platform Onchain Lens data show. The transaction on the Solana network, recorded roughly four hours prior to initial reporting, follows a pattern of asset movements since FTX Group filed for Chapter 11 in November 2022, during which the estate has also repositioned Ethereum and Bitcoin holdings. The unstaking is part of a court-supervised strategy in the U.S. Bankruptcy Court for the District of Delaware to ready crypto assets for potential sale and creditor repayment, with earlier filings disclosing the use of advisors such as Galaxy Digital for structured liquidation. The estate's Solana portfolio, valued at around $2.6 billion in court materials with portions locked until 2025–2028, remains a major component of anticipated recoveries for affected users.