Alameda moves $16 million in Solana's SOL token for possible creditor distribution

By Omkar Godbole

Alameda moves $16 million in Solana's SOL token for possible creditor distribution

Alameda Research unstaked $16 million worth of Solana's SOL tokens, according to on-chain data from Arkham. The transaction is believed to be part of preparations for creditor distributions. This reflects ongoing asset liquidation efforts by the bankrupt trading firm.

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