In a carefully orchestrated move, FTX/Alameda has executed its latest monthly Solana withdrawal, maintaining its structured approach to managing substantial digital assets.
Latest Redemption Details
FTX/Alameda has completed its January 2025 Solana liquidation, following a meticulous redemption strategy that saw 182,421 SOL tokens worth $32.35 million withdrawn from staking. The bankruptcy estate distributed these tokens across 20 different addresses, maintaining their systematic approach to asset management.

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Recent Redemption History
The January withdrawal represents the latest in a series of carefully planned monthly redemptions that began in November 2024. In December, the firm redeemed 181,232 SOL ($41.46 million), following November’s withdrawal of 179,800 SOL ($39.21 million). October 2024 marked their largest dollar-value redemption, with 178,631 SOL worth approximately $128 million, benefiting from higher SOL prices during that period.
Cumulative Impact and Strategy
This methodical approach has resulted in cumulative withdrawals reaching 4.445 million SOL, representing over $516.88 million in total value. The consistency in timing – typically between the 12th and 15th of each month – and the uniform distribution across exactly 20 addresses demonstrates FTX’s commitment to market stability.
Distribution Patterns
On-chain analysis reveals that many of these redeemed tokens eventually reach major cryptocurrency exchanges like Binance and Coinbase through a series of intermediate transactions. This distribution method helps prevent concentrated selling pressure while maintaining liquidity across trading venues.
Remaining Holdings and Future Outlook
FTX/Alameda still holds 6.47 million SOL ($1.18 billion) in staking, suggesting this redemption process could continue for nearly three years at the current rate of approximately 180,000 SOL per month. Market observers note that this predictable approach has helped maintain Solana’s price stability despite the regular liquidations.
Market Impact
The average redemption price across these transactions stands at $116.2 per SOL, reflecting the asset’s price volatility during this period. As the bankruptcy estate continues its structured liquidation strategy, crypto analysts anticipate this disciplined approach will persist, balancing financial obligations with market stability concerns.