FTX and Alameda continue their routine Solana transfers, moving millions of dollars each month while managing staking balances. Even after the exchange’s collapse, these transfers and ongoing creditor repayments remain closely watched by the crypto community.
What’s making headlines now? Read on.
192,000 SOL Unstaked
According to blockchain analytics provider EmberCN, 192,000 SOL worth $43.56 million was unstaked recently. These transfers usually take place around the 10th, and this month was no different.
This amount will likely be split and sent across several wallets before eventually making its way to major exchanges like Coinbase and Binance.
FTX and Alameda Have Moved 8.98M SOL
This has become a consistent pattern since November 2023. Notably, FTX/Alameda have redeemed and moved a staggering 8.98 million SOL, roughly worth $1.2 billion since then. Despite these large outflows, their staking addresses still hold a significant balance. Currently, about 4.184 million SOL, valued near $960 million, remains locked in staking.
This steady movement of funds shows how closely Solana remains tied to the ongoing FTX bankruptcy process and creditor settlements.
Is This “Solana Season”?
Solana is currently trading at $237.55, up over 6% in the last 24 hours. Experts say that the crypto market is entering a “Solana season,” boosted by regulatory support, institutional adoption, and rising support for Solana treasury strategy.
This positive momentum continues to strengthen investor confidence even as FTX-linked transfers remain in focus.
FTX is set to roll out its next creditor payment on September 30. So far, it has returned roughly $6.2 billion to customers.
3AC Subpoenas FTX Executives
Recently, Bankman-Fried and other former FTX executives were subpoenaed by Three Arrows Capital (3AC), which claims FTX illegally liquidated $1.5B of its positions. SBF is set to testify from prison on October 14, 2025.
FTX has denied the claims saying that the hedge fund’s balance was $284M, not $1.6B, and that most losses happened during the market crash. FTX says it only liquidated $82M, all within contract terms.
FTX’s ongoing legal challenges show that the defunct exchange’s troubles are far from over. While Solana continues to gain momentum, it remains closely linked to the FTX saga.
