NewsBTC

12 August 2025

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Alameda Research Unstaked $35 Million in Solana After Four Years

Alameda Research has unstaked $35 million worth of SOL, previously locked since late 2020. This action raises questions due to Alameda's association with the collapse of FTX and ongoing bankruptcy proceedings.

Key points include:

• The SOL’s initial value was $350,000, showing a 100x increase.
• The unstaking may indicate recovery efforts for FTX creditors.
• Solana is currently trading at $174.64, down 4.39%, and consolidating below the $200 resistance level.
• Strong selling pressure has prevented a sustained breakout above this key level since February.
• Support levels are indicated by the 50-week SMA at $172.30, with further support at the 100-week ($144.06) and 200-week SMAs ($101.74).
• Low trading volumes suggest caution in the market.

A breakout above $200 could lead to retests of the $250-$260 zone, while failure to do so may result in continued consolidation or a retracement toward lower support levels.