FTX Estate Unlocks $16M in SOL, Signaling Potential Sell-Off

Edgen Crypto

·Feb 11 2026, 10:07

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Key Takeaways

Wallets associated with the FTX and Alameda Research estate have unlocked a significant batch of Solana (SOL) tokens, raising concerns about imminent selling pressure on the market. This move is part of the court-supervised bankruptcy proceedings to liquidate assets and repay creditors.

Significant Unlock: The estate unlocked 196,611 SOL tokens, valued at approximately $15.97 million.
Bankruptcy Liquidation: The action is a step in the ongoing FTX/Alameda asset liquidation process, which continues to add supply-side risk to specific tokens.
Market Impact: The unlock creates potential for a short-term price decline for SOL if the estate decides to sell the tokens on the open market.

FTX Estate Unlocks Nearly 200,000 SOL Worth $16M

On-chain data revealed that addresses connected to the FTX and Alameda Research bankruptcy estate unlocked 196,611 SOL tokens. The transaction, valued at approximately $15.97 million, was flagged by blockchain analytics platform Onchain Lens. This movement is a component of the extended liquidation strategy managed by the estate, which involves methodically preparing digital assets for sale to satisfy creditor claims.

Unlock Heightens SOL Selling Pressure

The release of this substantial SOL holding introduces significant potential selling pressure into the market. A large-scale liquidation by the estate could initiate a short-term price drop for SOL, and traders are therefore watching these wallets closely. The market remains highly sensitive to any asset movements linked to the FTX bankruptcy, treating each unlock as a strong signal of a future sale. This event highlights the continuing market overhang from the FTX collapse, which remains a key risk factor for SOL investors.