Solana is gaining market attention after the chain’s data revealed fresh activity from Alameda Research wallets. According to blockchain analytics platform Arkham, Alameda recently forfeited approximately $17 million worth of SOL and transferred the tokens to its bankruptcy-controlled accounts. These movements are part of the company’s asset management process, as funds recovered from assets are periodically redistributed to creditors.
Alameda Research was once one of the most influential trading firms in the cryptocurrency industry. Founded by Sam Bankman-Fried, the company operated as a quantitative trading desk closely related to the FTX cryptocurrency exchange. Alameda has played an important role in providing liquidity in digital asset markets and has held large positions in several major cryptocurrencies, including Solana.
However, the company collapsed in November 2022 after the severe failure of FTX. The investigation revealed that billions of dollars of customer funds were misused and transferred between the exchange and Alameda, leading to a liquidity crisis that quickly turned into one of the largest bankruptcies in crypto history.
Since then, Alameda’s remaining digital assets have been gradually managed through court-ordered bankruptcy proceedings. The cyclical cycle and distribution of SOL tokens reflects an ongoing effort to restore value to creditors while liquidating portions of the estate’s remaining cryptocurrency assets.
Solana’s remaining holdings in Alameda continue to attract market attention
Despite an incredible $17 million event, Alameda Research still holds a large amount of Solana in its chain wallets. Current blockchain data shows that the bankrupt trading company holds approximately $321 million, making it one of the largest known holders of assets related to the FTX property. Since these tokens remain under liquidation management, market participants will closely monitor any movements from these wallets.
The existence of such a large balance creates a permanent element of potential excess supply. As bankruptcy trustees continue to distribute assets to creditors, portions of these holdings may periodically enter the market. This process does not necessarily translate into immediate selling pressure, but it can affect trader sentiment, as investors often expect the distributed tokens to be liquidated eventually.
At the same time, Solana’s broader market structure reflects the cautious environment affecting the cryptocurrency sector. Like many large-cap altcoins, SOL has been trading in a consolidation phase following periods of volatility in the digital asset market. Liquidity remains selective, with investors increasingly focused on assets with strong ecosystem performance and stable network usage.
For Solana, this environment creates a mixed dynamic. While the ongoing distribution of creditors represents a potential driver of supply, the network continues to have high activity on the chain and developer engagement, which remain key factors supporting long-term interest in the asset.
Solana will stabilize after a sharp correction
The chart shows Solana trading around the $86 level after the start of an important correction phase that started in late 2025. Earlier in the session, SOL reached highs in the $240 region before momentum weakened and the asset entered a long downtrend characterized by highs and lows.
From a technical perspective, Solana remains under pressure as the price continues to trade below its main moving average. The short-term trend indicator has a downward trend for several months, while the medium-term and long-term moving averages are well above the current price. This configuration usually reflects a market that is still in a broader corrective structure.
The most aggressive move occurred in early February 2026, when SOL experienced a strong selloff that briefly pushed the price below the $80 level. The decline was accompanied by a sharp increase in trading volume, indicating heightened market pressure and potential liquidation activity.
But after this reduction, Solana stabilized. Price action is currently consolidating in a relatively tight range between around $80 and $92, which indicates that buyers are trying to defend the lower support zone.
Currently, the $80 area acts as a key support level, while the $100 area is the first resistance barrier for any possible recovery attempt.
Featured image from ChatGPT, chart from TradingView.com
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