Alameda Research Moves 201,780 SOL to BitGo, Hinting at OTC Sale

BitcoinWorld Alameda Research Moves 201,780 SOL to BitGo, Hinting at OTC Sale Alameda Research, the now-defunct trading firm once affiliated with FTX, has transferred 201,780 Solana (SOL) tokens to a BitGo custody wallet, according to on-chain data from Onchain Lens.

This marks the first time in five years that the firm has unstaked SOL, fueling speculation that the tokens are being prepared for an over-the-counter (OTC) sale.

On-Chain Details and Context Blockchain monitoring service Onchain Lens reported that Alameda Research unstaked 201,740 SOL before sending 201,780 SOL to BitGo.

The transaction is part of a broader pattern of asset movements by the Alameda/FTX estate, which has been actively managing and liquidating its crypto holdings to repay creditors.