Blab Crypto
Alameda Research Unstakes 201,740 SOL and Transfers $15.27 Million to BitGo Custody Wallet
Alameda Research, the trading arm of the insolvent FTX exchange, has pulled 201,740 Solana (SOL) tokens from a staking position that had been locked for almost five years. The tokens were then moved into a BitGo‑owned custodial wallet, a move that has prompted speculation that the firm is preparing to sell the assets.
On‑chain monitoring by Onchain Lens shows that the Alameda‑linked wallet unstaked 201,740 SOL on 11 August 2026. The stake was originally worth roughly $352,000 when it was first delegated in 2021, but the five‑year period of staking rewards inflated its value to about $15.27 million. Roughly ten hours after the unstaking, 201,780 SOL were transferred to several BitGo custody addresses.
The timing and destination of the transfer suggest that the tokens may be earmarked for an over‑the‑counter (OTC) sale rather than a direct listing on a public exchange. OTC markets are commonly used by institutional investors and large portfolio holders to sell substantial amounts of crypto without creating immediate price pressure in the open market.
Alameda’s liquidation activity is part of the broader effort to recover assets for creditors in the FTX bankruptcy proceedings. The court has authorized the sale of digital assets through an investment adviser in weekly batches, and the transfer to BitGo is consistent with that framework. While the move does not confirm a sale, it is being closely watched by market participants who view large SOL transfers as potential indicators of future selling pressure.
The Solana network has seen a resurgence in activity since the FTX collapse. On‑chain data shows that staking rewards for Solana have continued to grow, and the network’s validator ecosystem remains active. The recent unstaking event is one of several that have occurred in the past week, including a 9.5‑million‑SOL withdrawal by other Alameda‑related addresses.
Analysts note that the value of the unstaked SOL has increased significantly from its original stake due to the high annualized return of Solana’s staking program. The 37,360 SOL rewards that accrued during the five‑year period are estimated to be worth about $2.83 million, adding to the overall value of the transfer.
The transfer to BitGo also aligns with the strategy of keeping assets in a secure custodial environment while preparing for a potential sale. BitGo is a well‑known crypto custody provider that has handled large institutional transfers in the past.
As of the latest on‑chain data, the 201,780 SOL remains in BitGo custody and has not yet been moved to any exchange or sold. The next steps in the liquidation process are unclear, and it is not yet known whether the tokens will be sold through an OTC desk or listed on a public market.
In summary, Alameda Research has completed a five‑year staking cycle, unstaked 201,740 SOL worth approximately $15.27 million, and transferred the tokens to BitGo custody. The move is part of the ongoing liquidation of FTX assets and may signal an upcoming OTC sale. Market observers will monitor the custodial wallet for any subsequent activity that could indicate a sale or further liquidation steps.
This article is for informational purposes only and does not constitute investment advice.
On‑chain monitoring by Onchain Lens shows that the Alameda‑linked wallet unstaked 201,740 SOL on 11 August 2026. The stake was originally worth roughly $352,000 when it was first delegated in 2021, but the five‑year period of staking rewards inflated its value to about $15.27 million. Roughly ten hours after the unstaking, 201,780 SOL were transferred to several BitGo custody addresses.
The timing and destination of the transfer suggest that the tokens may be earmarked for an over‑the‑counter (OTC) sale rather than a direct listing on a public exchange. OTC markets are commonly used by institutional investors and large portfolio holders to sell substantial amounts of crypto without creating immediate price pressure in the open market.
Alameda’s liquidation activity is part of the broader effort to recover assets for creditors in the FTX bankruptcy proceedings. The court has authorized the sale of digital assets through an investment adviser in weekly batches, and the transfer to BitGo is consistent with that framework. While the move does not confirm a sale, it is being closely watched by market participants who view large SOL transfers as potential indicators of future selling pressure.
The Solana network has seen a resurgence in activity since the FTX collapse. On‑chain data shows that staking rewards for Solana have continued to grow, and the network’s validator ecosystem remains active. The recent unstaking event is one of several that have occurred in the past week, including a 9.5‑million‑SOL withdrawal by other Alameda‑related addresses.
Analysts note that the value of the unstaked SOL has increased significantly from its original stake due to the high annualized return of Solana’s staking program. The 37,360 SOL rewards that accrued during the five‑year period are estimated to be worth about $2.83 million, adding to the overall value of the transfer.
The transfer to BitGo also aligns with the strategy of keeping assets in a secure custodial environment while preparing for a potential sale. BitGo is a well‑known crypto custody provider that has handled large institutional transfers in the past.
As of the latest on‑chain data, the 201,780 SOL remains in BitGo custody and has not yet been moved to any exchange or sold. The next steps in the liquidation process are unclear, and it is not yet known whether the tokens will be sold through an OTC desk or listed on a public market.
In summary, Alameda Research has completed a five‑year staking cycle, unstaked 201,740 SOL worth approximately $15.27 million, and transferred the tokens to BitGo custody. The move is part of the ongoing liquidation of FTX assets and may signal an upcoming OTC sale. Market observers will monitor the custodial wallet for any subsequent activity that could indicate a sale or further liquidation steps.
This article is for informational purposes only and does not constitute investment advice.
