{"id":37759,"date":"2025-03-04T16:00:26","date_gmt":"2025-03-04T13:00:26","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37759"},"modified":"2025-03-04T15:53:44","modified_gmt":"2025-03-04T12:53:44","slug":"ftx-and-alameda-unlock-3-million-sol","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ftx-and-alameda-unlock-3-million-sol\/","title":{"rendered":"FTX and Alameda Unlock 3 Million SOL"},"content":{"rendered":"<p>Bankrupt crypto exchange <strong>FTX<\/strong> and trading firm <strong>Alameda Research<\/strong> unlocked <strong>431 million Solana (SOL) tokens worth $3 million<\/strong>. This was the largest SOL unstake since November 2023.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ftx-and-alameda-unlock-3-million-sol\/#FTX_and_Alameda_Move_SOLs_to_Exchanges\" title=\"FTX and Alameda Move SOLs to Exchanges\">FTX and Alameda Move SOLs to Exchanges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ftx-and-alameda-unlock-3-million-sol\/#FTX_is_Conducting_SOL_Sales_Under_Restrictions\" title=\"FTX is Conducting SOL Sales Under Restrictions\">FTX is Conducting SOL Sales Under Restrictions<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FTX_and_Alameda_Move_SOLs_to_Exchanges\"><\/span><strong>FTX and Alameda Move SOLs to Exchanges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On March 4, blockchain analytics firm <strong>Lookonchain<\/strong> found that wallets belonging to FTX and Alameda <strong>had unlocked 3.03 million SOL<\/strong>. At the time of the unlock, <strong>the total value of SOL was around $431 million.<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-37762\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/0195607f-de62-7c69-8ca7-c23022a35f0c.jpg\" alt=\"\" width=\"1876\" height=\"663\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/0195607f-de62-7c69-8ca7-c23022a35f0c.jpg 1876w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/0195607f-de62-7c69-8ca7-c23022a35f0c-300x106.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/0195607f-de62-7c69-8ca7-c23022a35f0c-1024x362.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/0195607f-de62-7c69-8ca7-c23022a35f0c-768x271.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/03\/0195607f-de62-7c69-8ca7-c23022a35f0c-1536x543.jpg 1536w\" sizes=\"auto, (max-width: 1876px) 100vw, 1876px\" \/><\/p>\n<p>The companies routed some of the unstaked SOLs directly to exchanges:<\/p>\n<ul>\n<li><strong>Around 25,000 SOLs (worth $3.3 million) were deposited on Binance.<\/strong><\/li>\n<li><strong>Since November 2023, a total of 7.83 million SOLs (worth $986 million) have been transferred to Coinbase and Binance.<\/strong><\/li>\n<\/ul>\n<p>This shows that FTX and Alameda <strong>have continued to sell large volumes of SOL on a regular basis since November 2023<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FTX_is_Conducting_SOL_Sales_Under_Restrictions\"><\/span><strong>FTX is Conducting SOL Sales Under Restrictions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The <strong>Delaware Bankruptcy Court<\/strong>, which oversees the bankruptcy process, has allowed FTX to conduct asset sales within certain limits.<\/p>\n<ul>\n<li>In the first week, a <strong>$50 million sales<\/strong> limit applies.<\/li>\n<li>In the following weeks, this limit can increase <strong>to 100 million dollars<\/strong>.<\/li>\n<li>For larger sales, FTX <strong>needs additional approval from the court to increase the weekly limit to $200 million.<\/strong><\/li>\n<\/ul>\n<p>Therefore, <strong>FTX and Alameda will not be able to sell all SOL assets at once, but will be able to create liquidity through gradual sales.<\/strong><\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankrupt crypto exchange FTX and trading firm Alameda Research unlocked 431 million Solana (SOL) tokens worth $3 million. This was the largest SOL unstake since November 2023. FTX and Alameda Move SOLs to Exchanges On March 4, blockchain analytics firm Lookonchain found that wallets belonging to FTX and Alameda had unlocked 3.03 million SOL. At<\/p>\n","protected":false},"author":6,"featured_media":37766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2061,496,1527,319],"class_list":["post-37759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-alameda","tag-ftx","tag-sol","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX and Alameda Unlock 3 Million SOL - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ftx-and-alameda-unlock-3-million-sol\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX and Alameda Unlock 3 Million SOL - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bankrupt crypto exchange FTX and trading firm Alameda Research unlocked 431 million Solana (SOL) tokens worth $3 million. This was the largest SOL unstake since November 2023. FTX and Alameda Move SOLs to Exchanges On March 4, blockchain analytics firm Lookonchain found that wallets belonging to FTX and Alameda had unlocked 3.03 million SOL. 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