Alameda Estate Prepares $26M ZRO Token Sale via Wintermute

Edgen Crypto

·Feb 13 2026, 11:43

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Key Takeaways

The Alameda Research bankruptcy estate has executed a significant token transfer, positioning a large block of ZRO tokens for likely liquidation. This move is expected to introduce substantial selling pressure into the market for the ZRO token.

Alameda's bankruptcy wallet transferred 11.14 million ZRO tokens, valued at approximately $26 million, to market maker Wintermute.
The transfer was executed after the estate swapped 129.04 million STG tokens to acquire the ZRO holdings.
This transfer to a major market maker strongly indicates an impending large-scale sale, which could negatively impact ZRO's market price.

Alameda Estate Offloads $26M in Tokens to Wintermute

The wallet associated with the Alameda Research bankruptcy estate recently executed a multi-step transaction culminating in the transfer of $26 million worth of digital assets to the market maker Wintermute. Initially, the wallet swapped 129.04 million Stargate (STG) tokens for 11.14 million LayerZero (ZRO) tokens. Subsequently, the entire position of 11.14 million ZRO was moved to an address identified as belonging to Wintermute, signaling a strategic move to liquidate the holdings.

ZRO Faces Potential Sell-Off from Liquidation

The transfer to a high-volume market maker like Wintermute is a strong indicator that the Alameda estate is preparing to sell its ZRO position. As part of bankruptcy proceedings, estates are required to convert cryptocurrency holdings into fiat currency to repay creditors. This $26 million block of tokens represents a significant supply influx that could create substantial selling pressure on ZRO. If market demand is insufficient to absorb this sale, the token's price could face considerable downward pressure.