Just saw that Alameda has released a large amount of SOL again, this time about 1.98 million tokens, transferred to the FTX creditor wallet. Based on current prices, that's roughly over $16 million USD. To be honest, such large transfers do have an impact on the SOL price, although they are operating in batches to avoid crashing the market, you can still feel the market's reaction.

Interestingly, Alameda still holds about 3.57 million SOL, worth nearly $300 million USD. When they released $17 million USD worth of SOL last month, the SOL price dropped by 3 to 5 percentage points in the short term. After this transfer, within 24 hours, it also fell about 1.42%, with the current trading price around $85. It seems the market remains somewhat sensitive to these large releases.

The $12.7 billion repayment plan has already repaid $7.6 billion, with $5.1 billion remaining. Based on the current progress, Alameda's SOL wallet will likely continue to be a key focus for traders, as there are new transfers every month. This ongoing selling pressure will definitely influence short-term volatility of the SOL price, but in the long run, it still depends on the development of the Solana ecosystem itself.