Alameda Research has once again attracted the attention of the crypto community by transferring a significant number of Solana tokens to several FTX-related wallets. Despite the fact that such asset movements have often caused market fluctuations in the past, this time the price of Solana has remained virtually unchanged. This suggests that the overall bearishness in the cryptocurrency market is overshadowing the potential impact of these transactions.
According to the blockchain, tokens previously controlled by Alameda were distributed among 38 FTX wallets. This continues a trend that has been observed since the collapse of Alameda — the frequent transfer of large amounts of cryptocurrencies, which in some cases significantly affected the market. For example, in early 2024, the move of Ethereum led to a sharp increase in the price of ETH, but this time the situation with Solana turned out to be different.
The reasons for these transactions remain unclear. According to rumors, Alameda may redistribute assets as part of FTX's ongoing efforts to pay creditors. FTX has recently started returning funds to affected users, and the Solana transfer may be part of this process.
Nevertheless, the current state of the crypto market, characterized by extreme investor uncertainty, has a greater impact on the price of Solana than the actions of Alameda. The question that remains open is: if these transfers had taken place in a more favorable market environment, could they have significantly affected the price of Solana?
