Alameda recently moved 16 million SOL, supposedly to start distributing to creditors. This is one of the significant moves of assets remaining after the FTX bankruptcy.

Because Alameda, as a business entity of FTX, still has assets that haven't been fully liquidated. This movement indicates that the debt settlement process is beginning to move forward. The 16 million SOL amount is quite large — depending on the price at the time, it could be worth hundreds of millions of dollars.

What’s interesting is the timing. Alameda was once at the center of the FTX drama that ended with a spectacular collapse. Now, several years later, their assets are still being managed to return to the affected parties. This is a very slow process, and not many are following up.

If Alameda truly distributes SOL to creditors, it could mean further asset liquidation and possibly bigger news ahead. Because there are still many other assets likely still in the hands of administrators or the courts.