Alameda Research Transfers $15.6M in SOL with Over $300M Still Held

Highlights:

• Alameda Research distributed $15.6M in SOL to 25 creditor wallets this week.
• Over $300M in SOL remains in estate-linked wallets after structured OTC sales.
• SOL has reacted to the latest estate distribution while holding key support levels.

Alameda’s bankruptcy estate transferred $15.60 million worth of Solana to 25 creditor wallets this week. Arkham data shows the movement occurred in a single coordinated transaction. The payout forms part of a structured distribution program that has continued for roughly 21 months following the FTX collapse.

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ALAMEDA DISTRIBUTING $15M SOL TO CREDITORS

Alameda Research’s estate just distributed $15M SOL to creditors in their latest monthly tranche. They moved out $15.60M SOL to 25 separate addresses, as part of continual distributions that have been ongoing for 21 months now.

Alameda… pic.twitter.com/09HIp4RVo8

— Arkham (@arkham) February 12, 2026

Estate-linked wallets have transferred an estimated $1 billion worth of SOL since late 2023 as part of ongoing liquidation. These transfers were made both in direct distributions to creditors and in organized sales. Alameda Research amassed a big Solana stake as it supported the ecosystem in its initial years. The firm managed tens of millions of SOL in different allocations at its peak. The administrators under court supervision are now discharging those holdings in phases instead of just one liquidation.

Alameda Research Remains One of the Largest Known SOL Holders

Alameda Research retains a significant amount of Solana even with continuing repayments. The estate-controlled on-chain wallets manage over $300 million of SOL. This balance makes the estate one of the largest visible holders of the token.

Arkham has raised concerns about whether the newly issued SOL will directly enter the market. Amid the concerns, analyst Emmet Gallic has examined the previous liquidation procedure of the Alameda and FTX holdings. In his analysis, he indicates that in 2024, buyers bought an estimated 43 million SOL in over-the-counter purchases. These transactions took place in three big tranches and served to contain direct exchange pressure.

In one deal, 26 million SOL were transacted at a price of $64 and included buyers like Galaxy, Pantera, Jump, and Multicoin. Another moved 14 million SOL at $95 through a Pantera-led group. In a third deal, 2 million SOL were sold to Figure Markets and Pantera at $102. The estate has since sold off remaining holdings in stages since those structured sales.

FTX/Alameda's Solana – where did 43 million $SOL go?

Most of the SOL was sold OTC across 3 tranches in 2024:

– 26M SOL at $64 (Galaxy, Pantera, Jump, Multicoin)
– 14M SOL at $95 (Pantera-led consortium)
– 2M SOL at $102 (Figure Markets, Pantera)

Since then… pic.twitter.com/wpINMLh7Cz

— Emmett Gallic (@emmettgallic) February 11, 2026

In a closely related development, former Alameda Research CEO Caroline Ellison was recently released after 440 days of federal custody. She had served a portion of a two-year sentence related to the FTX fall. She pleaded guilty and cooperated with authorities during the investigation.

SOL Price Reacts Amid Estate Distributions

SOL has reacted to the Alameda Research transfer, with the coin reaching $82 before retracting. SOL is currently trading at around $80.91, with a 0.29% decrease in the past day. Meanwhile, its trading volume is up 20.16% to $4.07 billion, while the market cap stands at $45.94 billion.

Solana is trading near a major support zone between $78 and $82 on the daily chart. This level previously acted as resistance before turning into support. Buyers stepped in quickly after the recent drop into this area. As a result, the price printed a small rebound candle.

However, the overall structure is still showing lower highs and lower lows. The last major breakdown occurred at the $147 level. That zone now stands as a strong resistance. Bulls must reclaim $120 first to regain short-term control.

Meanwhile, the RSI is sitting below 30 and is signaling oversold conditions. This suggests exhaustion in selling pressure. If $78 holds, SOL could attempt a move toward $120 and later $147. If the price loses the $78 price mark, further downside may follow toward the $60 region.

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