The bankrupt firm Alameda Research reactivated its fund movements on the Solana network. According to data from the on-chain monitoring platform Onchain Lens, a wallet linked to the entity transferred a total of 201,000 SOL (equivalent to $15.14 million USD) to multiple custody addresses managed by BitGo Custody, distributing the tokens across several consecutive transactions.
Alameda Research FTX has moved ~201K $SOL (~$15.14M) to @BitGo Custody.
The transfer completed in minutes via multiple transactions, distributing funds to several BitGo custody addresses.https://t.co/2WFsBil69k
Data: @nansen_ai pic.twitter.com/Xqv9mdEW4R
— Onchain Lens (@OnchainLens) July 13, 2026
This asset mobilization triggers a major warning sign in the market, as it typically anticipates strategic liquidations aimed at repaying creditors ahead of the third-quarter close. Although the trading price has remained stable at $75 USD following the report, the increase in net exchange inflows (which rose from -$1.42 million to $9.02 million USD) and the drop of the Aroon Up indicator to 28% confirm a strengthening selling pressure.
The next step for the cryptocurrency will depend on its ability to defend its current technical support; if bearish pressure dominates, SOL’s price risks a free fall toward the $70 USD zone, unless it achieves a daily close above its momentum-adjusted moving average at $78.62 USD.
Source: https://x.com/OnchainLens/status/2076762402520207737
Disclaimer: Crypto Economy Flash News is compiled from official and public sources verified by our editorial team. Its purpose is to quickly inform on relevant events within the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.
Be the first to comment