Solana Faces Market Uncertainty as Alameda Research Unstakes $32M in SOL

Alameda Research, the now-defunct trading firm associated with FTX, has unstaked approximately $32.79 million worth of solana (SOL), raising concerns about a potential sell-off. The transaction, which took place on May 12, involved 187,600 SOL being withdrawn from staking but remaining idle in the wallet. With over $900 million in SOL still locked under the same address, the market is closely monitoring the situation for further developments. This move has cast a shadow over Solana’s price trajectory, leaving investors and traders on edge as they speculate about the future of the cryptocurrency.

Alameda Research Unstakes $32M in Solana — Market Watches for Potential Sell-Off

Alameda Research, the defunct trading firm linked to FTX, has unstaked approximately $32.79 million worth of Solana (SOL), sparking speculation about a looming sell-off. The move, executed on May 12, involved 187,600 SOL withdrawn from staking but left untouched in the wallet. With over $900 million in SOL still locked under the same address, the market remains on edge.

Solana’s price trajectory now hangs in the balance. While the unstaking could be routine portfolio management, its timing amid FTX’s bankruptcy proceedings raises questions. No further transfers have occurred yet, but the idle tokens represent a sword of Damocles for SOL holders.

Can Solana Price Break $180 and Trigger a Massive Rally?

Solana’s price has surged 52% in the past month, now testing the critical $180 resistance level. Institutional interest is mounting, with holdings exceeding 395,000 SOL after recent purchases of 200,000 SOL. The network’s transaction volume has surpassed 1.5 billion, underscoring robust demand.

Analysts suggest a breakout above $180 could signal the start of a major rally. The combination of technical momentum and institutional accumulation paints a bullish picture for SOL’s near-term trajectory.

DeFi Development Expands Solana Holdings to Over $100M in Strategic Crypto Pivot

DeFi Development (DFDV), a Nasdaq-listed firm transitioning into crypto, has aggressively accumulated Solana’s SOL tokens, pushing its total holdings past the $100 million mark. The company’s latest purchase of 172,670 SOL at $136.81 per token represents a $23.6 million bet on the blockchain’s long-term viability.

The Florida-based firm now holds 595,988 SOL, valued at approximately $105 million. These assets will be staked across multiple validators, including the company’s own infrastructure, to generate yield. Shareholders now have exposure to 0.293 SOL per share, equivalent to $50.42 at current prices.

Investors rewarded the move with a 20% surge in DFDV shares during early Monday trading, building on Friday’s 30% gain. The rally coincides with broader cryptocurrency market strength, signaling growing institutional confidence in digital asset strategies.

DigitalX Partners with SOL Strategies for Solana Staking via BitGo

DigitalX Limited, an Australian publicly traded blockchain firm, has entered a staking partnership with SOL Strategies. The collaboration will see DigitalX stake its Solana (SOL) holdings through BitGo’s institutional custody platform, leveraging SOL Strategies as its validator partner.

BitGo’s recent integration with SOL Strategies provides institutional clients streamlined access to a high-performance validator network. The deal marks a strategic expansion for both companies—SOL Strategies solidifies its position among BitGo’s select validator offerings, while DigitalX gains secure exposure to Solana’s ecosystem.