FTX Unstakes 194,861 SOL Worth $25.5M in Latest Monthly Unlock

FTX and Alameda Research resumed their regular token movements this week. They unstaking 194,861 SOL valued at roughly $25.5 million. The activity, detected by Lookonchain and supported by Arkham Intelligence data, follows the same monthly pattern as the bankruptcy estate. That has been maintained throughout 2025. The movement immediately caught the market’s attention, as Solana’s price action often reacts quickly to large estate-linked transfers. Still, this month’s unlock appears consistent with prior cycles rather than a sign of sudden liquidation pressure.

A Routine Unlock, but Still a Big Number

According to Lookonchain, the unstake occurred about three hours before the announcement. Arkham’s dashboard confirmed the transfer from an Alameda-linked staking account into the broader FTX bankruptcy structure. The estate has been unlocking SOL monthly as part of its controlled wind-down process. These staking positions were originally built during Solana’s early days. When Alameda held an outsized role in validating and supporting the ecosystem.

Even though it’s routine, the size remains striking. Nearly 195,000 SOL in a single batch is hard for the market to ignore. Especially during a week when liquidity across major tokens has been thinner. Yet, there’s no evidence that the tokens have moved to exchanges or OTC desks. For now, the unstake is simply a technical step, not a confirmed sell.

Bankruptcy Estate Movements Remain Under Scrutiny

Ever since FTX’s collapse, the estate’s token moves have become a recurring storyline in crypto markets. Traders watch the Solana movements particularly closely because SOL remains one of the estate’s largest and most valuable holdings. Arkham data shows the estate still controls over $621 million across multiple chains, spread across more than 12,600 identified addresses

Most small inflows and outflows from the estate this week were routine. Including tiny ETH transactions from MEV builders and other automated actors. The larger question: how much of these assets will eventually be sold, remains unanswered. However, the estate has so far chosen a measured approach. Monthly unlocks, slow conversions and structured sales have kept market disruption to a minimum.

What This Means for Solana

Solana traders have become more relaxed about FTX-related moves compared to last year. The network’s growth, new liquidity sources and stronger institutional activity all help soften the impact of large estate actions. Still, each unlock reminds the market that FTX-linked supply continues to flow, even if gradually. Currently, this latest unstake fits the same pattern: predictable, steady and carefully managed. But with the next batch expected in January. The market will likely continue watching these movements as Solana closes out a volatile year.