Bankrupt FTX and Alameda withdrew $45M in SOL from staking, adding to $1.2B redeemed since 2023, as the next creditor payout approaches.
FTX and Alameda redeem $45M in Solana
The bankrupt FTX and Alameda estate withdrew about 192,000 Solana (SOL), valued at $44.9 million, from staking positions on Thursday, blockchain tracker EmberCN said.
The move fits the monthly pattern of asset liquidations by the collapsed exchange and its trading arm. Since November 2023, the estate has redeemed around 8.98 million SOL, worth $1.2 billion at an average price of $134 — according to EmberCN.
Despite the sales, a large position remains locked. Data from Solscan shows about 4.18 million SOL, worth roughly $977 million, is still staked.
Market impact
Solana’s price gained 4.3% in the past 24 hours, trading at $234.27 late Thursday. The token has risen more than 14% over the past week, according to The Block.
Creditor repayments
FTX plans another creditor payout on Sept. 30 but has not specified the size. The estate has already distributed about $6.2 billion across two prior rounds, $1.2 billion in February and $5 billion in May.
