Solana in Trouble with Over $643M in SOL Now Controlled by Alameda Research Liquidators

• According to Solana Compass, Alameda liquidators are in possession of 48,636,772 Solana tokens worth $643 million dollars.
• Alameda holds $1.2 billion in Solana (SOL) on its balance sheet since then, the SOL price has fallen by 80%.

The liquidators of Alameda Research have taken control of millions of dollars worth of Solana (SOL) tokens. Alameda Research is a cryptocurrency trading firm founded by Sam Bankman-Fried.

The SOL tokens are worth an estimated $643 million at the time of writing. They are not in circulation and cannot be sold in the open market for several years, even after getting unlocked. This is because Alameda Research is in bankruptcy proceedings, and the SOL tokens are part of the assets that are being liquidated.

The SOL tokens were locked in a staked account by Alameda Research. This means that they were not available for trading or sale. However, the liquidators of Alameda Research can now access these tokens and sell them to repay the firm’s debts.

The sale of the SOL tokens could have a significant impact on the price of SOL. The market is already jittery about the bankruptcy of Alameda Research, and the sale of the SOL tokens could further depress prices.

The SOL tokens are not the only assets that are being liquidated by the liquidators of Alameda Research. The firm also holds large amounts of FTT tokens and SRM tokens. The sale of these tokens could also have a negative impact on the prices of these cryptocurrencies.

The liquidation of Alameda Research is a major setback for the Solana ecosystem. Alameda Research was one of the biggest supporters of Solana, and its bankruptcy could have a ripple effect on the entire market.

The liquidation of Alameda Research is also a reminder of the risks involved in cryptocurrency investing. Even the most popular and seemingly stable cryptocurrencies can be vulnerable to market fluctuations and hacks.

Investors should carefully consider the risks before investing in any cryptocurrency, and they should be prepared to lose all of their investment.