Alameda Research Unstakes $32M in Solana: Potential Market Impact Looms

Alameda Research, the company formerly linked to FTX’s collapse, has recently unstaked approximately $32 million worth of Solana (SOL). While this action seems relatively minor compared to their overall holdings, it has sparked concerns about its potential impact on Solana’s price. 187,600 SOL were withdrawn from Alameda’s staking address on May 12th at around 01:53 UTC+8. The tokens are currently idle. Notably, the same address still holds over $910 million worth of SOL in a staked form. This suggests that while this unstaking event may appear significant, it represents only a small portion of their total holdings.