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The FTX and Alameda estate has once again redeemed a portion of its Solana (SOL) holdings from staking, following the liquidation pattern it has maintained for over a year. According to on-chain data reported by EmberCN, the estate withdrew approximately 192,000 SOL — worth around $44.9 million at current prices — on Thursday, September 11, 2025.
This redemption is part of the estate’s structured asset liquidation strategy, which has been consistent in scheduling and execution. EmberCN noted that this latest transfer is another installment in a series of monthly redemptions aimed at converting staked assets into liquid holdings.
Nearly $1.2 Billion in Solana Already Redeemed
Since November 2023, the estate’s staking address has redeemed a total of about 8.98 million SOL, representing roughly $1.2 billion at an average price of $134 per token. Despite the steady withdrawals, the estate’s staking address still holds a considerable stake in the Solana network, with around 4.18 million SOL remaining locked in staking positions.
At current market prices, this remaining stake is valued at nearly $977 million, according to Solscan, one of the widely used blockchain analytics platforms. The continued presence of such large holdings keeps the estate’s liquidation strategy in focus as Solana’s market dynamics evolve.
Solana Price Climbs Amid Staking Redemptions
Interestingly, despite ongoing staking withdrawals, Solana’s price has seen significant gains. Over the past 24 hours, the price of SOL increased by 4.3%, trading at approximately $234.27 by Thursday evening. Over the past week, Solana has surged by 14.4%, indicating strong investor demand amid uncertainty surrounding liquidations.
Analysts suggest that the market’s positive reaction could be due to increased activity and speculative interest, as traders anticipate the impact of large stake redemptions on supply and liquidity. The overall bullish sentiment reflects optimism about Solana’s long-term potential despite periodic sell-offs.
FTX’s Broader Repayment Plans
The Solana redemption comes as FTX prepares for its next round of creditor repayments, scheduled for September 30, 2025. While the exact size of the payout remains undisclosed, the estate has already distributed around $6.2 billion to former customers across two prior rounds — $1.2 billion in February and $5 billion in May.
These repayments have been a key part of the estate’s effort to recover assets and resolve claims, offering a measure of closure for affected users. The continued liquidation of staked assets, including Solana, reflects the estate’s commitment to converting locked holdings into liquid funds for distribution.
What This Means for the Market
The estate’s structured liquidation approach offers both challenges and opportunities for the broader crypto market. On one hand, periodic sell-offs can introduce supply shocks and price volatility. On the other hand, the predictable nature of these withdrawals allows investors and traders to strategize and position themselves accordingly.
For Solana, the ongoing staking redemptions have not dampened price momentum. With significant investor interest and broader adoption trends, SOL’s market outlook remains resilient. However, close monitoring of further stake reductions will be crucial for anticipating market shifts in the coming months.
Conclusion
The FTX and Alameda estate’s redemption of nearly $45 million in Solana from staking signals the continuation of its asset liquidation process. With almost $1.2 billion worth of SOL already redeemed and more than $977 million still staked, these movements remain significant for both market participants and creditors awaiting repayment.
As Solana’s price continues to rise, investors are keeping a close eye on how staking redemptions and broader liquidation strategies might affect the supply-demand balance. With the next creditor payout scheduled for the end of September, the unfolding developments are set to remain a focal point in crypto markets.
