Key Takeaways:
FTX and Alameda Analysis staked 20,736 ETH (~$79 million) amid chapter property proceedings.The staked ETH follows a $75.3 million withdrawal from Bybit between December 2024 and January 2025.The companies beforehand unstaked over $431 million in Solana, signaling strategic asset shifts forward of a $1.9B creditor payout.
Wallets linked to defunct buying and selling giants FTX and Alameda Analysis have simply staked over 20,000 ETH, valued at practically $80 million. This growth has caught the eye of on-chain analysts, arriving simply months earlier than the companies are set to distribute practically $2 billion to collectors. The strategic staking transfer has raised questions on what’s subsequent within the saga of one among crypto’s largest collapses.
FTX & Alameda Stake $79M in ETH Amid Liquidation Wave
On-chain analytics platform Lookonchain reported that FTX/Alameda staked 20,736 ETH, price roughly $79 million, inside a single hour on Wednesday. This motion comes after a notable withdrawal of 21,650 ETH from Bybit between December 17, 2024, and January 9, 2025, at a mean worth of $3,478 per ETH, roughly $75.3 million.
These strikes are a part of the broader bankruptcy-driven asset restructuring, the place FTX and its related entities are progressively consolidating and reallocating digital property. The aim of this explicit staking transaction stays undisclosed, but it surely suggests a calculated strategy to maximise returns, presumably by way of ETH staking rewards whereas awaiting additional creditor disbursements.
Learn Extra: Binance Hits Again at FTX’s $1.76B Lawsuit, Blames Collapse on “Historic Fraud”
Main Solana Unstaking Preceded the ETH Transfer
$431M in SOL Offloaded Earlier This Yr
This Ethereum staking isn’t the primary important token shift by FTX/Alameda. In March 2025, the companies unstaked over 3 million SOL, valued at about $431 million, marking one of many largest single-asset actions from their holdings to this point.
After the SOL was unstaked, round 25,000 SOL (~$3.3 million) was transferred to Binance, indicating potential liquidation. These selections are seemingly tied to their court-approved weekly asset disposal limits, which purpose to return worth to collectors whereas avoiding main market disruption.
The Solana unstaking occurred after months of token gross sales, beginning in November 2023, and demonstrates a transparent development: the FTX property is rigorously transferring high-value crypto holdings to extra liquid or yield-bearing positions.
Learn Extra: Ethereum Spot ETF Inflows Hit $332M as Altcoin Rotation Surges, Flipping Bitcoin Quantity
A Strategic Shift Forward of the $1.9B September Creditor Payout
FTX not too long ago introduced that its third spherical of creditor distributions, amounting to $1.9 billion, is scheduled for September 30, 2025. The choice got here after a Delaware chapter courtroom decreased the disputed claims reserve from $6.5 billion to $4.3 billion, liberating extra capital for direct reimbursement.
Notably, collectors in China and sure restricted jurisdictions are anticipated to be excluded from this spherical. That might depart extra funds obtainable to eligible collectors elsewhere.
Market Alerts: Strategic Protection or Delayed Liquidation?
Some observers consider that the staking is a transfer that tends to maximise yield whereas others understand the staking as non permanent assimilation of property till they’re required to be liquidated. The character of ETH staking is to freeze the tokens over an indefinite time and so the query arises: Is FTX dragging on liquidation to attend until the time when the market situations enhance or regulatory insights can be found?
Ethereum’s worth was hovering round $3,800 in late July 2025, the broader crypto market pushing a $4 trillion valuation, and time is of the essence. Ready to promote large quantities of ETH or SOL makes some sense for FTX to maximise restoration worth whereas tempering creditor expectations.
The Street Forward: Stress Builds on FTX Property
Hundreds of thousands of collectors are but to see transparency, worth and restoration from their losses within the FTX property. On-chain sleuths and authorized groups are scrutinizing each pockets transfer.
Extra broadly, these adjustments point out a continued evolution of how bankrupted crypto companies will finally handle their tokenized property, with staking, bridge transfers and CEX strikes all being utilized not as determined asset seize however as a part of a strategic plan to really rebuild that firm.
With FTX within the residence stretch of its chapter but, the crypto world can be eagerly watching each block, transaction and payout.
