FTX/Alameda Controls 4.74M Staked SOL ($952M)
On-chain analytics show the FTX/Alameda staking address holds 4,737,092 staked SOL, worth ~$952M at current prices. This sizeable stake represents one of the largest publicly verifiable positions on the Solana network. Blockchain data reveals routine outbound transfers near the 10th of each month, while Arkham intelligence identifies the FTX liquidator wallet holding 255,076 SOL (~$51.3M). Separately, industry sources report institutional investors such as Galaxy, Jump, and Multicoin are raising $1B to acquire additional SOL. This fundraising effort, still subject to regulatory approval, underscores growing institutional demand. The concentration of staked SOL by FTX/Alameda and active liquidator movement may affect Solana’s staking yields and token liquidity. Traders should monitor on-chain metrics and institutional flows for short-term price shifts and long-term network health implications.
Bullish
The news is broadly bullish for SOL. FTX/Alameda’s 4.74M staked SOL (~$952M) locks a significant portion of supply, reducing circulating tokens and supporting upward price pressure. Additionally, the liquidator’s 255K SOL position (~$51.3M) indicates controlled release that may prevent sudden supply shocks. The reported $1B institutional fundraising by Galaxy, Jump, and Multicoin signals robust demand from major investors, echoing past instances where institutional buy-ins preceded price rallies (e.g., early 2021 BTC ETF speculation). In the short term, traders might see reduced sell pressure and heightened yield-driven staking activity. Over the longer term, sustained institutional interest and high staking rates enhance network security and investor confidence, underpinning SOL’s valuation. Market participants should watch on-chain staking rates, liquidator transactions, and institutional flow announcements for potential magnified bullish catalysts.