FTX and Alameda proceed their routine Solana transfers, transferring hundreds of thousands of {dollars} every month whereas managing staking balances. Even after the change’s collapse, these transfers and ongoing creditor repayments stay intently watched by the crypto group.
What’s making headlines now? Learn on.
192,000 SOL Unstaked
In line with blockchain analytics supplier EmberCN, 192,000 SOL price $43.56 million was unstaked just lately. These transfers often happen across the tenth, and this month was no completely different.
This quantity will seemingly be break up and despatched throughout a number of wallets earlier than finally making its approach to main exchanges like Coinbase and Binance.
FTX and Alameda Have Moved 8.98M SOL
This has change into a constant sample since November 2023. Notably, FTX/Alameda have redeemed and moved a staggering 8.98 million SOL, roughly price $1.2 billion since then. Regardless of these giant outflows, their staking addresses nonetheless maintain a major stability. Presently, about 4.184 million SOL, valued close to $960 million, stays locked in staking.
This regular motion of funds reveals how intently Solana stays tied to the continuing FTX chapter course of and creditor settlements.
Is This “Solana Season”?
Solana is presently buying and selling at $237.55, up over 6% within the final 24 hours. Consultants say that the crypto market is coming into a “Solana season,” boosted by regulatory help, institutional adoption, and rising help for Solana treasury technique.
This constructive momentum continues to strengthen investor confidence whilst FTX-linked transfers stay in focus.
FTX is ready to roll out its subsequent creditor fee on September 30. Thus far, it has returned roughly $6.2 billion to clients.
3AC Subpoenas FTX Executives
Just lately, Bankman-Fried and different former FTX executives had been subpoenaed by Three Arrows Capital (3AC), which claims FTX illegally liquidated $1.5B of its positions. SBF is ready to testify from jail on October 14, 2025.
FTX has denied the claims saying that the hedge fund’s stability was $284M, not $1.6B, and that almost all losses occurred through the market crash. FTX says it solely liquidated $82M, all inside contract phrases.
FTX’s ongoing authorized challenges present that the defunct change’s troubles are removed from over. Whereas Solana continues to achieve momentum, it stays intently linked to the FTX saga.
