FTX Estate Unstakes $45M in Solana as Creditor Repayments Approach

The FTX and Alameda estate continues its regular Solana unstaking, redeeming tens of millions in SOL as it works through bankruptcy repayments.

• 192,000 SOL (≈$44.9M) redeemed Thursday, following FTX’s monthly liquidation pattern.
• Since Nov 2023, the estate has redeemed 8.98M SOL worth about $1.2B at an average price of $134.
• Roughly 4.18M SOL (≈$977M) remains staked.
• Solana price jumped 4.3% to $234.27 over the past day and is up 14.4% this week.
• FTX plans another creditor repayment round on Sept. 30, after returning $6.2B so far.
  

On-chain data from EmberCN shows the bankrupt FTX and Alameda estate redeemed about 192,000 SOL on Thursday, worth nearly $45 million. The withdrawal follows a pattern of monthly SOL liquidations as the estate converts assets to repay creditors.

Since November 2023, FTX and Alameda have redeemed and moved roughly 8.98 million SOL, totaling about $1.2 billion in value. Their staking address still holds approximately 4.18 million SOL, or close to $977 million, according to Solscan.

Solana’s price responded positively, rising 4.3% in the past 24 hours to about $234.27 and gaining 14.4% over the week. Despite the ongoing sell-offs, market demand for SOL remains strong.

FTX is preparing its next creditor repayment on Sept. 30, though the payout size remains undisclosed. To date, the estate has returned around $6.2 billion to former customers—$1.2 billion in February and $5 billion in May.

FTX’s steady Solana redemptions highlight the scale of its remaining crypto reserves. With billions already repaid and more distributions planned, the estate’s methodical unwinding continues to shape both creditor recovery and Solana market dynamics.