FTX Estate Prepares $17M SOL Sale After Unstaking

Edgen Crypto

·Mar 12 2026, 02:30

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Key Takeaways

Wallet addresses linked to the FTX/Alameda estate have unstaked a significant amount of Solana (SOL) tokens, valued at over $17 million. This action makes the previously locked assets liquid, signaling a potential sale that could impact the market.

FTX/Alameda addresses unstaked 197,637 SOL tokens, worth approximately $17.07 million.
The move shifts the assets from a locked state to a liquid one, creating significant potential selling pressure on the open market.
Traders are now closely monitoring the estate's wallets for a transfer to an exchange, an event that could negatively impact SOL's price in the near term.

FTX Estate Unstakes $17.07M in SOL, Signaling Potential Sale

Addresses associated with the defunct FTX exchange and its sibling trading firm, Alameda Research, have unstaked 197,637 Solana (SOL) tokens. This tranche, valued at approximately $17.07 million, was identified by on-chain analysis firm Onchain Lens. The action transitions the assets from a locked, yield-bearing state to a liquid one, a necessary precursor to selling them on the open market as part of the estate's ongoing liquidation process.

On-Chain Data Signals Rising Sell Pressure

The release of nearly 200,000 SOL into a liquid state introduces significant selling pressure for the token. The move by the FTX estate, which is liquidating assets to repay creditors, has put the market on high alert. Traders anticipate that these tokens will soon be moved to centralized exchanges for sale, an event that could trigger a near-term price decline for SOL. As a result, market participants are closely monitoring these wallets to anticipate the timing and scale of the potential liquidation.