According to CryptoComLearn monitoring, bankrupt trading firm Alameda Research has executed a significant Solana (SOL) asset management operation. Data shows the firm unstaked 194,861 SOL worth approximately $25.5 million just hours ago. The funds were first transferred to custody provider Bitgo, with 88,877 SOL (valued at $12.13 million) subsequently deposited into Coinbase Prime.
Solana Ecosystem Fund Movements Draw Attention
The unstaking and transfer activity occurs amid a relatively stable Solana network environment. SOL is currently trading around $131, down 1.19% in the past 24 hours. As a former major market maker and liquidity provider, Alameda's every asset movement during bankruptcy proceedings is closely watched by the market. The deposit of approximately 45.6% of unstaked funds directly into an exchange is typically interpreted as a potential selling signal.
Historical Liquidation and Market Impact
Since the FTX/Alameda collapse, the entity has frequently handled assets through unstaking, OTC trades, and other disposal methods. Previous large SOL transfers have often exerted short-term pressure on price. This deposit into Coinbase Prime may signal preparations for creditor repayments or asset monetization. Notably, the remaining unstaked funds (about 105,984 SOL) are still held at Bitgo and have not yet entered circulation.
Analyst Perspectives
Some analysts note this is not the first large-scale SOL movement by Alameda. Between 2024 and 2025, the firm unstaked millions of dollars in SOL multiple times, but actual sell pressure was often absorbed via OTC deals or institutional buyers. Nevertheless, market sentiment remains sensitive to liquidation news, and investors should monitor whether further consecutive deposits occur.