Alameda moves $16 million in Solana's SOL token for possible creditor distribution

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Alameda moves $16 million in Solana's SOL token for possible creditor distribution Alameda unstakes $16 million worth of Solana's SOL token, according to Arkham. By Omkar Godbole | Edited by Sam Reynolds Apr 13, 2026, 6:58 a.m. Make preferred on What to know : Alameda unstakes $16 million worth of Solana's SOL token, according to Arkham. The firm did the same about a month ago, moving funds to an address used for credit reimbursements. Bankrupt crypto exchange FTX's sister company Alameda Research "unstaked" roughly $16 million worth of Solana's SOL token and moved the same to an address linked to creditor repayments, according to data source Arkham . Unstaking refers to the process of withdrawing crypto assets that were previously locked up in a proof-of-stake (PoS) network to help secure the blockchain and earn rewards. The latest move follows a familiar pattern: unstake coins and route them to addresses used to reimburse creditors. About a month ago, Alameda did the same, directing funds to the same distribution address. That prior move ultimately raised expectations that the funds were part of an ongoing creditor repayment process tied to the firm’s restructuring. While there has been no formal confirmation that this specific tranche will be distributed imminently, the repetition of the pattern suggests continuity in the process rather than an isolated movement. SOL, the native token of programmable blockchain Solana, has a market capitalization of $47.26 billion, which makes it the seventh-largest digital asset in the world. As of writing, SOL traded near $82, largely unchanged on a 24-hour basis, but down significantly from its all-time high of $293 hit in January last year. Alameda, founded by Sam Bankman-Fried in 2017, began as a quantitative trading shop focused on arbitrage opportunities in digital assets, exploiting price differences across exchanges and markets. At its peak, Alameda was a major liquidity provider across crypto markets and was deeply embedded in the ecosystem, trading billions in volume and operating across spot, derivatives, and structured products. Alameda still holds about 3.5 million SOL worth $294.10 million, per Arkham. Solana News Sam Bankman-Fried More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You WLFI threatens legal action against Justin Sun after he accuses Trump-linked project of deceptive DeFi deals By Sam Reynolds | Edited by Omkar Godbole 1 hour ago Trump-backed crypto project says it has ‘contracts’ and ‘evidence’ after Sun accused it of exploiting users. What to know : World Liberty Financial escalated its dispute with early backer Justin Sun into a potential legal battle, publicly accusing him on X and declaring, "See you in court." Sun has fired back by calling WLFI's actions illegitimate, alleging the team secretly implanted backdoor controls and froze investor funds without due process,... Read full story Latest Crypto News WLFI threatens legal action against Justin Sun after he accuses Trump-linked project of deceptive DeFi deals 1 hour ago Bitcoin hits a wall – the chart just challenged the $88,000 bull case 1 hour ago Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends 1 hour ago CFTC Chair Mike Selig argues for agency's 'exclusive regulatory authority' in prediction markets fight: State of Crypto 13 hours ago DeFi’s shakeout is a stress test, not a death sentence 13 hours ago Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out 16 hours ago Top Stories Super PAC tied to Tether makes first ad buy from firm founded by Tether's U.S. CEO 18 hours ago Market makers are fleeing public blockchains to protect their secret trading playbooks 17 hours ago Bitcoin analysts flag triggers for a massive surge to $88,000 even as war risks linger 17 hours ago Trump token sees whale accumulation ahead of Mar-a-Lago gala; senators raise questions over event 20 hours ago Federal judge blocks Arizona from bringing criminal charges against Kalshi Apr 10, 2026 Trump-backed WLFI token drops 12% to record lows after team defends multi-million lending position Apr 10, 2026