Just spotted something on-chain - Alameda moved another batch of SOL over to the FTX creditor wallet. We're talking about 198k SOL, roughly $16 million at current prices. They're still sitting on over 3.5 million SOL though, so this is just part of the ongoing liquidation process.

This unstaking is tied to that massive $12.7 billion repayment plan from the FTX collapse. They've paid out $7.6 billion so far, but still have around $5.1 billion to go. The smart thing they're doing is spreading these transfers out instead of dumping everything at once - keeps the price from getting absolutely wrecked.

SOL is down about 1.5% in the last day and trading around $85.28. Historically, each time FTX's team moves big amounts, we see 3-5% dips as people worry about more selling coming. With billions still left to recover and these monthly transfers continuing, Alameda's wallet is gonna stay one of the most watched addresses in crypto for a while. Interesting to track how this plays out.