- Alameda unstaked $35.5M in SOL, first staked in 2020 at just $352K—nearly a 100x gain.
- Move follows last week’s $125M staking shift by FTX and Alameda wallets, indicating major internal asset management changes.
- With a September 30 creditor payout coming, the unstaked funds could be part of the next multi-billion-dollar repayment round.
An Alameda Research-controlled wallet has just unstaked around 190,821 SOL, worth roughly $35.5 million, according to Arkham Intelligence. These tokens were first locked up in late 2020, when they were valued at just $351,960—a near 100x gain in under five years. The move has sparked speculation over whether the assets could finally be returned to creditors, especially as FTX-linked wallets have been shifting large sums recently.
Recent Staking and Asset Management Shifts
Just a week earlier, cold wallets tied to FTX and Alameda staked a combined $125 million in Ethereum and Solana. Records show FTX put $45M worth of SOL into staking, while Alameda sent $80M worth of ETH to Figment on July 30, 2025. This latest unstake contrasts that move, suggesting shifting priorities in how the bankrupt firms manage their remaining crypto.
Legal Fallout and Creditor Repayments
The backdrop is the massive fallout from FTX’s collapse in November 2022, when it was revealed that customer funds had been misused in risky trades. Since founder Sam Bankman-Fried’s conviction and sentencing in 2024, new management has repaid about $6.2B to creditors, with a third round set for September 30, 2025. The claims deadline for that payout is August 15, and final repayments could total $14.7B–$16.5B, depending on market prices.
Debate Over the Unstaked Funds
Critics argue these funds should remain staked to generate yield, rather than being returned immediately. But with legal deadlines looming, the decision on this freshly unstaked SOL could be tied directly to the next creditor distribution.
