2025-12-12 00:20:04

Is it the familiar recipe again? The routine operations of FTX/Alameda around the 10th of each month are happening once more.

This time, they unlocked 194,800 SOL from staking, which is roughly $25.52 million at the current price. Four hours ago, this amount was split and sent to 26 addresses. The pattern remains the same—the recipient addresses, after receiving the coins, mostly transfer them directly to major exchanges or international platforms.

Looking back at the history, FTX/Alameda’s staking addresses have been gradually releasing funds in this manner since November 2023. The total redeemed and transferred... honestly, it’s no longer a small amount.

Bankruptcy liquidation is still ongoing. Where will these SOLs eventually flow? How will the market absorb them?

SOL0,77%

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SatoshiHeir

· 2025-12-14 04:10

It should be pointed out that this decentralized transfer pattern was already discussed in the academic community as early as 2015 and cannot escape the scrutiny of on-chain data. FTX's approach, to put it simply, is repeating a discredited logic—thinking that splitting addresses can conceal intent, clearly demonstrating a lack of respect for the inherent transparency of the blockchain.

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NFTPessimist

· 2025-12-13 21:38

Not this routine again? Distributing addresses, dumping tokens, chopping up retail investors—the script is so worn out. Those FTX guys really deserve to go to jail. With so much SOL being dumped, how is SOL still going up? The liquidation team is really helping with the short positions, I feel. It's the same every month; when will this end?

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TradFiRefugee

· 2025-12-13 13:59

Coming back with this again? FTX really seems like they're dumping, doing this every month. Splitting into 26 addresses, it looks like they're trying to evade tracking. SOL needs to be careful this time. What if they dump the price?

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StablecoinSkeptic

· 2025-12-12 00:50

Here we go again. When will this bankruptcy liquidation ever end? This tactic is really old. Splitting addresses and dispersing liquidity—who doesn't know about that? With 25.52 million USD poured in, can SOL withstand it? It's a bit uncertain.

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FlatTax

· 2025-12-12 00:48

Here we go again, this time dismantling 26 wallets, same old trick Bankruptcy is still being cleared, SOL is going to drop

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BearMarketSurvivor

· 2025-12-12 00:40

Tsk, they're starting to dump again. This rhythm is really top-notch. Same old tricks? Dispersing sell-offs across 26 addresses. I've seen this approach too many times. Bankruptcy liquidation isn't even over, and they're still slowly harvesting the profits. SOL needs to hold steady. If they keep dumping like this, it really won't last. They come every month around the 10th, and the market should have been on alert long ago.

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CommunityLurker

· 2025-12-12 00:37

Here we go again, who hasn't seen this trick of distributing addresses before? If I had known it would turn out like this, SOL would have dropped.

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