Over $643,000,000 in Solana (SOL) Now Controlled by Liquidators as Part of Alameda Research Bankrutpcy Process: On-Chain Data

Hundreds of millions of dollars worth of SOL is currently in the hands of Alameda Research liquidators, according to a dedicated platform that tracks Solana’s key on-chain metrics.

Solana Compass make clear Sam Bankman-Fried’s bankrupt trading firm Alameda Research managed 48,636,772 SOL tokens worth more than $643 million at the time of writing.

Solana Compass quickly responded as Solana dropped nearly 95% from its all-time high of $259. Rumbling A large SOL treasury can be a source of tremendous selling pressure.

According to the platform, SOL’s stash is currently subject to Chapter 11 bankruptcy and will likely remain frozen until the liquidation process is complete.

explain solana compass,

“Alameda no longer holds SOL, it is held by liquidators. SOL on charts is locked and often unsold for years. It means we can’t sell anything until we do, which could take 10 years or more.”

Also an on-chain analytics platform To clarify The SOL token in question is in locked stake, meaning the coin is not currently in circulation and cannot be sold on the open market.

According to Solana Compass, Alameda Research was previously the largest owner of SOL locked into a staking account. On-chain intelligence platforms show that the entire SOL stash will likely be unlocked in the first half of 2025.

Source: Solana Compass

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