Solana’s price is facing renewed selling pressure after another batch of tokens linked to the bankrupt Alameda Research and FTX estate was unlocked on November 11, 2025. According to MartyParty, an analyst, the release involved around 193,000 SOL valued at about $30 million.
This marks the latest phase of a structured vesting program that has gradually released millions of tokens to the estate since early 2024. The tokens are managed under bankruptcy oversight and often end up on major exchanges to repay creditors.
Ongoing Monthly Unlocks Continue
The Alameda and FTX-linked wallets have followed a steady monthly pattern of SOL unlocks, with amounts increasing slightly over time. Previous releases in October and September 2025 saw similar quantities of about 192,000 SOL each.
The largest event occurred in March 2025 when more than 11 million tokens were freed, equivalent to over $2 billion at that time. Those tokens were primarily sold to firms like Galaxy and Pantera through bankruptcy-managed auctions.
In total, more than 8 million SOL worth over $1 billion have been released since November 2023. Analysts estimate that approximately 5 million tokens remain locked or staked, with smaller monthly unlocks expected until 2028. These tokens originated from pre-2021 investment deals, not new emissions, meaning the supply increase has long been scheduled.
Market Reactions and Price Action
Solana’s market reaction remained steady despite the unlock. The token traded near $157.90 at press time, marking a 3.9% daily decline and maintaining a $87.5 billion market capitalization. Over the past week, SOL posted minor gains of 0.2%, showing resilience despite supply-related concerns.
Source: X
CryptoPulse noted that the asset’s recent movement from $150 to $170 shows underlying resilience despite temporary market fatigue. The short-term structure still favors consolidation between $156 and $165 before the next possible move higher. Key resistance remains near $195–$200, while a breakout above $180 could reignite upward momentum.
Source: https://coinpaper.com/12277/alameda-unlocks-30-m-in-sol-as-price-holds-above-156