"Alameda Research has transferred roughly $16 million worth of solana (SOL) tokens after unstaking the assets, in a move that points to continued creditor repayments tied to the collapse of FTX."
"Blockchain data tracked by Arkham Intelligence shows the tokens were sent to an address previously associated with distribution efforts, suggesting a structured repayment strategy rather than a one-off movement."
"Unstaking allows previously locked tokens in proof-of-stake networks to be withdrawn and made liquid, enabling Alameda to free up assets that can be redirected toward obligations stemming from FTX's bankruptcy proceedings."
Alameda Research transferred $16 million worth of solana tokens after unstaking them, indicating continued creditor repayments related to FTX's collapse. The tokens were sent to a wallet associated with previous distribution efforts. This transaction follows a pattern of unstaked assets being routed to reimburse creditors. Unstaking allows locked tokens to be liquidated, enabling Alameda to redirect assets for obligations from FTX's bankruptcy. The transfer aligns with earlier transactions, reinforcing expectations of ongoing creditor payouts and potential market impacts due to supply overhang.
Read at news.bitcoin.com
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