FTX and Alameda Wallets Unstake $431 Million in SOL

Addresses linked to the collapsed FTX and Alameda have unlocked 3.03 million SOL valued at $431 million. Of these, 24,799 tokens ($3.38 million) were transferred to Binance, according to analysts at Lookonchain.

Of the 3.03M $SOL($431.3M) unstaked by FTX/Alameda today, 24,799 $SOL($3.38M) has been deposited to #Binance.https://t.co/D4j4l4yNuFhttps://t.co/uLkjQFwVId pic.twitter.com/ig2Jl2CcXl

— Lookonchain (@lookonchain) March 4, 2025

Data from the Spot On Chain platform indicates that the companies distributed SOL across 37 wallets. This marks the largest withdrawal since November 2023, when FTX and Alameda unlocked 2.1 million tokens worth $141 million.

FTX/Alameda unstaked and distributed 3.03M $SOL ($432.5M) to 37 wallets, likely for deposits to #Coinbase and #Binance ~3 hours ago!

This is FTX/Alameda’s largest unstake since November 2023 and likely part of the 11.2M $SOL (~$1.5B) set to be unlocked in early March.

Since… pic.twitter.com/VfTf5j50GG

— Spot On Chain (@spotonchain) March 4, 2025

In total, the firms have unstaked 7.83 million SOL worth $986 million. Analysts claim that the majority of tokens were sold through Binance and Coinbase at an average price of $125.8 per coin.

Back in February 18, former clients of the bankrupt platform with assets up to $50,000 began receiving their first payouts on the Kraken exchange and through the BitGo service.