Arkham Intelligence reports that a wallet linked to Alameda Research has unstaked 190,821 SOL tokens, valued at roughly $35.52 million.
Originally staked in late 2020 for about $351,960, the tokens have appreciated almost 100 times. This action follows other significant blockchain movements from wallets associated with Alameda and the collapsed exchange FTX.
On July 31, these wallets staked $125 million worth of ETH and SOL, with $80 million in ETH going to staking provider Figment and $45 million in SOL also staked. The unstaking raises questions about whether the assets will be returned to creditors or redeployed elsewhere.
Critics argue that such holdings should remain staked to benefit those owed funds in bankruptcy proceedings. Arkham’s post on X hinted at uncertainty over the tokens’ next move.
The event highlights the ongoing scrutiny surrounding asset management in the aftermath of FTX’s collapse, particularly regarding how recovered or unlocked crypto assets are handled.
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