Solana Surges as FTX Shifts Millions to Mysterious Wallets—Again
Another day, another cryptic crypto move—FTX''s shadow dance with Solana continues.
Who''s cashing in? Who''s getting played? The blockchain doesn''t lie... but it doesn''t explain either.
Wall Street''s ''risk managers'' still think this is a ponzi scheme while their own banks hemorrhage fines. Priorities.
TLDR
- FTX transferred $10.3 million worth of Solana to 30 different blockchain addresses on June 13.
- The movement is part of FTX’s ongoing liquidation plan under its Chapter 11 bankruptcy process.
- Blockchain platforms Arkham Intelligence and EmberCN confirmed the transfers and unstaking activity.
- FTX and Alameda Research have moved over 8.4 million SOL since November 2023.
- Most Solana tokens were routed through major exchanges, which suggests active sell-offs.
FTX moved $10.3 million worth of solana (SOL) across 30 blockchain wallets in its latest asset transfer, which happened on June 13. This transaction continues a clear pattern of digital asset liquidation. The action follows the bankrupt exchange’s effort to repay creditors under its Chapter 11 reorganization plan.
FTX Moves More Solana After Unstaking $31.5 Million
FTX and its affiliate Alameda Research unstaked 188,000 SOL, valued at $31.5 million, and started moving a portion to new addresses. On-chain analytics platforms such as Arkham Intelligence and EmberCN flagged the latest transfers on June 13. While a part remains unstaked, the firms routed $10.3 million worth of SOL to 30 wallets.
又到 FTX/Alameda 每月十来号的固定 SOL 转出时间~
7 小时前把从质押中赎回的 18.8 万枚 $SOL ($31.5M) 分发转移给 30 个地址。
根据此前记录，多数收到 SOL 的地址后续会把 SOL 转进 Coinbase 或 Binance。
FTX/Alameda 质押地址从 2023 年 11 月以来，已经通过上面这种方式累计赎回并转出了… https://t.co/AjIq0oXIu4 pic.twitter.com/IItJzfR1jz
— 余烬 (@EmberCN) June 13, 2025
The movement is part of an ongoing trend observed since November 2023, showing consistent transfers of large amounts of SOL. These transactions often go through major exchanges like Binance and Coinbase, signalling active selloffs. FTX is liquidating assets in an organized fashion to meet its repayment obligations.
Over $1 Billion in Solana Moved Since Bankruptcy
Since the liquidation process began, FTX and Alameda have moved more than 8.4 million SOL, totalling over $1.09 billion. The average transaction value has remained NEAR $130 per token across different exchanges. Despite this, FTX still controls about 5.29 million SOL, worth over $775 million.
Out of the remaining holdings, approximately 5.05 million SOL are still locked in staking contracts. The liquid portion continues to decrease as more tokens are redirected to various destinations. This aligns with the firm’s structured strategy to fulfill creditor claims.
Creditor Repayment Efforts Expand with Global Reach
FTX has completed two major repayment rounds to customers and investors, disbursing $1.8 billion in February and another $5 billion in May. The firm recently added Payoneer as a new distribution partner, complementing Kraken and BitGo. This change targets improved global access for creditors facing past limitations.
However, users from countries like Russia, China, Egypt, and Nigeria remain blocked from receiving payouts due to regulatory restrictions. FTX continues to face challenges in addressing all creditor claims but remains committed to structured disbursements. These new wallet movements show that FTX is actively executing its repayment roadmap.
