Just saw on-chain data that Alameda released another over 198K SOL from the FTX bankruptcy liquidation, worth about $16 million, and transferred it to FTX’s creditor wallet. This is the second time they’ve made such a large release—last month, they also carried out a similar operation.

What’s interesting is that they didn’t dump it all at once; instead, they transferred it in batches, which appears to be aimed at controlling market impact. However, SOL still fell by more than 1% over these two days and is currently around $86.24. Based on historical experience, every time Alameda makes a move like this, it tends to trigger 3–5% short-term volatility, mainly because traders expect there will be more selling afterward.

On the FTX side, a total of $1.27 billion still needs to be paid to creditors—only $760 million has been repaid so far, and $510 million remains to be paid gradually. Alameda’s SOL wallet still holds 3.57 million tokens, worth nearly $300 million. This process is expected to continue for a while. As long as the liquidation hasn’t been completed, this wallet will be one of the most watched addresses on the chain.