Creditors of the collapsed FTX have distributed a batch of SOL., 2026/02/12 15:49:13

The hedge fund Alameda Research, a subsidiary of the collapsed cryptocurrency exchange FTX, has allocated $15.6 million in Solana (SOL) cryptocurrency to affected creditors of its parent company. The transactions were tracked by analysts at Arkham.

The monthly distribution occurred across 25 crypto addresses as part of the ongoing FTX bankruptcy process, which has been in effect for 21 months. Despite these ongoing distributions, Alameda still retains approximately $315 million worth of Solana, making it one of the largest holders of SOL associated with the bankrupt firm founded by Sam Bankman-Fried.

Arkham analysts inquired with the recipients whether the distributed SOL would be sold on the market, based on the assumption that an oversupply of coins could exert selling pressure, particularly during periods of cryptocurrency market volatility. In recent months, SOL has experienced fluctuations, trading within a range of $80 to $90.

Analyst Emmet Gallic, who monitors the fate of SOL linked to Alameda and FTX, discovered that in 2024, around 43 million coins were sold through over-the-counter transactions in three significant tranches. Gallic specified that 26 million SOL were sold to companies Galaxy, Pantera, Jump, and Multicoin at a price of $64; 14 million SOL were sold at $95 through a consortium led by Pantera; and an additional 2 million SOL were sold at $102 with the involvement of Figure Markets and Pantera. Following these OTC sales, the distribution of the remaining SOL was carried out gradually to avoid destabilizing the market.

In January, former Alameda Research CEO Caroline Ellison was released from prison on parole. In September 2024, she was sentenced to two years in prison after being found guilty of complicity in fraud that resulted in FTX clients losing billions of dollars.