#What Actions Did Alameda Research Take with Its Solana Holdings?
Alameda Research, the trading firm associated with FTX, has recently unstaked over 197,000 Solana, equivalent to about $17 million. The transaction involved transferring these funds to a bankruptcy account. This action is part of ongoing monthly distributions aimed at creditors who are awaiting their repayments following one of the most significant bankruptcies in the cryptocurrency sector.
As of July 2025, Alameda’s addresses reportedly held around 5 million SOL, valuing over $750 million, much of which was staked. After this latest unstaking maneuver, Alameda retains about 3.5 million SOL, worth approximately $326 million, in its on-chain accounts at present market prices.
#Why Is This Significant in the Context of FTX's Collapse?
The trading firm served as the trading arm closely linked to FTX, the cryptocurrency exchange founded by Sam Bankman-Fried, which notoriously collapsed in November 2022. This downfall led to extensive losses across the entire cryptocurrency landscape and left creditors grappling with claims in the billions.
The bankruptcy proceedings are critical for recovering and distributing assets to those impacted by the situation. With Solana holdings constituting a large part of the estate's recoverable value, they play an essential role in the overall asset recovery efforts.
#What Is the Current Status of Solana?
Solana has shown notable recovery since the collapse of the exchange. Initially trading around $10 in the aftermath, its price has exhibited significant growth, hitting $87 at the latest update. This represents a 2% increase in just one day, but it is still down approximately 70% from its all-time high of $293 recorded in January of the previous year, according to TradingView.