Alamy's $16M SOL Unstaking Shuffle: Creditors May Be Getting Their Dance Card Ready

Alameda Research has unstaked roughly $16 million in Solana's $SOL token and moved it to an address associated with creditor repayments, according to Arkham data. The move follows a pattern established about a month ago, when Alameda directed a similar batch of funds to the same distribution address. While there's no formal confirmation these funds will be distributed immediately, the repetition suggests continuity in the restructuring process rather than a one-off transaction.

$SOL, the native token of the Solana blockchain, currently boasts a market capitalization of $47.26 billion, ranking it as the seventh-largest digital asset globally. As of writing, $SOL traded near $82, largely flat over 24 hours but significantly down from its all-time high of $293 set in January last year.

Founded by Sam Bankman-Fried in 2017, Alameda began as a quantitative trading operation focused on arbitrage opportunities across digital asset markets. At its peak, the firm served as a major liquidity provider across crypto markets, handling billions in volume across spot, derivatives, and structured products. Per Arkham, Alameda still holds approximately 3.5 million $SOL, valued at around $294.10 million.