Solana Price Drops 0.537% as FTX/Alameda Unstakes 189,851 SOL

Solana's latest price was $162.69, down 0.537% in the last 24 hours. The recent action of unstaking 189,851 SOL by FTX/Alameda is notable. The unsanctioned asset movement occurs as bankruptcy administrators manage liquidation of holdings. Out of 5.07 million SOL currently managed with approximately 4.88 million staked, scrutiny ensues. Immediate implications involve potential market impact as the increased circulating supply might affect prices. This unstaking might hint at subsequent liquidation efforts, further shaping market dynamics. Market analysts along with blockchain expert shared transactional data, suggesting awareness of potential price shifts. No decisive public comments have emerged from FTX's former officials or industry leaders concerning this adjustment so far.

Historical actions by FTX/Alameda often prime the market for alerts. Despite large unstakings, Solana's price stability has occasionally withstood substantial on-chain shifts in the past. Coincu analysts highlight potential for increased market liquidity and regulatory scrutiny, given the substantial stakes held by bankruptcy-managed entities. Monitoring mechanisms may evolve as Solana's ecosystem adapts to market fluctuations.

Upexi, a Nasdaq-listed company, announced raising $200 million for Solana treasury expansion. Upexi's investment highlights the growing corporate interest in Layer 1 altcoins, drawing parallels to MicroStrategy's BTC strategy. The recent funding marks a significant shift for Upexi, led by CEO Allan Marshall. The company secured $200 million through a dual-financing deal, consisting of $50 million in equity at a premium price and $150 million in convertible notes aimed at increasing Solana reserves. Leadership confidence is underscored by Marshall's direct participation in the fundraising round, demonstrating substantial executive buy-in and confidence in the move. The strategic boost more than doubles Upexi's Solana holdings, positioning the firm as a significant player in the crypto market. The move elicits mixed reactions, reflecting broader trends seen with cryptocurrency integration. High-profile strategies, like those by MicroStrategy for Bitcoin, have set precedents for altcoin holders. Experts are observing how corporate strategies like Upexi's could influence regulatory guidance and other companies' decisions. Historical patterns suggest increased corporate interest can stabilize or elevate asset prices. Upexi's approach via convertible notes may serve as a model for similar ventures, potentially reducing immediate market impact and slippage, and promoting further innovation in corporate treasury management. The investment also underlines confidence in Solana's long-term value propositions.

FTX and Alameda's staking address, as of June 2025, holds over 5 million Solana tokens. Following earlier unstaking of 188,000 SOL, these tokens were distributed to multiple new addresses for potential liquidity moves. The significant unstaking action by FTX/Alameda affects the Solana market, managing creditor obligations. Despite asset movements, Solana's value remains stable with no drastic price changes reported. Each major unstaking event is closely tracked by on-chain analysts and typically prefaces possible market sell-offs. The FTX and Alameda Research bankruptcy estate currently manages approximately 5 million SOL. On-chain analysis indicates ongoing unstaking and asset distribution activities. These include over 188,000 unstaked tokens, distributed to more than 30 intermediary wallets. Administrators and court-appointed trustees oversee the liquidation process. Unstaked assets moving through decentralized exchanges signal preparations for future sales. Despite apprehensions, Solana's value remains largely unaffected by these transactions. Previous large-scale liquidations, particularly involving Ethereum and MATIC, prompted price fluctuations. However, ongoing Solana unstaking shows market resilience. No direct statements are available from key figures like Sam Bankman-Fried or current FTX leaders about these activities. Analysis indicates these actions follow historical liquidation trends since FTX's collapse in 2022. The persistent upkeep of Solana's price suggests market absorption capacity for large-scale asset restructuring without significant downturns. Official commentary lacks on these movements, yet on-chain monitoring continues to provide updates. The Solana community shows cautious engagement, with discussions prevalent on potential risks of broad-scale sell-offs.

Consumer products company Upexi is bolstering its Solana treasury, raising $200 million to fund business operations as well as further SOL purchases. The funds will come from two separate financing vehicles, with $50 million in net proceeds expected via an equity offering and $150 million from the sale of convertible notes. Each offering is expected to close next week. The $150 million convertible note offering will be collateralized via locked, spot SOL provided by the purchasers of the convertible notes, which have a 2-year maturity and 2% interest rate, payable quarterly. Upon the completion of the note offering, the SOL will become a part of Upexi’s Solana treasury. The firm first announced its intentions to build a digital assets treasury centered on Solana back in April, raising $100 million in funding to fuel its first purchase. With the latest additions, it anticipates having approximately 1.65 million SOL in its treasury. At 1.65 million SOL, Upexi would hold nearly two times the amount of Solana as the other prominent, publicly traded Solana treasury, DeFi Development Corporation (DFDV).

Aurora Mobile Limited, a China-based provider of customer engagement and marketing technology, disclosed on July 11, 2025, that it is evaluating the integration of Solana as a fundamental element of its newly approved cryptocurrency treasury strategy. Chairman and CEO Weidong Luo emphasized that this potential strategy represents a long-term commitment rather than speculative activity, driven by Solana's technical capabilities in addressing critical operational challenges. Luo highlighted Solana's speed and low transaction costs as key solutions for the company's app developer and exchange clients, aligning with Aurora Mobile's broader vision to bridge mobile ecosystems with blockchain innovation. He further noted Solana's increasing institutional adoption, resilience, and status as a top-tier Layer 1 blockchain, viewing it as both a strategic treasury diversification tool and a hedge, underlying the company's long-term commitment to blockchain value creation.

BIT Mining, a cryptocurrency mining company, announced a significant strategic move involving Solana, revealing plans for a substantial $300 million expansion specifically targeting the Solana ecosystem and establishing validator operations. This large-scale investment underscores the company's strategic bet on Solana's future infrastructure role and growth potential within the blockchain sector.

Separately, crypto payments platform Remittix confirmed the upcoming integration of native Solana blockchain support into its system. This expansion, finalized just ahead of the RTX tokenomics upgrade, is designed to leverage Solana's characteristic high transaction throughput and low costs to enhance the platform's payment functionality. The integration is reported to be entering its final phase of testing, signaling an imminent operational launch aimed at improving transaction speed and efficiency for users.