The Solana Tokens held by Alameda Research Liquidators are valued $643 million

Since FTX and Alameda Research went down, the Solana ecology has been in a bad place. Alameda Research liquidators have about 48,636,772 Solana tokens with a market value of $643 million, according to data found on the blockchain.

According to Solana Compass, these SOL tokens are frozen and out of circulation. These tokens now belong to the liquidators, as FTX and Alameda filed for Chapter 11 bankruptcy.

According to Solana Compass, Alameda owes a lot of money to FTX customers. As a result, Sam Bankman-Fried can no longer claim ownership of these SOL coins. The current legal entanglements around SOL tokens mean that it is possible that they will not be in circulation for years, even if they are eventually unlocked. It might be sealed for up to ten years as FTX goes through bankruptcy.

Solana Foundation said two weeks ago that it had around 3.43 million stranded FTT tokens and 134.54 million stranded SRM tokens on FTX. Since SRM accounted for $2.2 billion of the FTX's total assets, the attack on the exchange had a significant negative impact on the value of SRM.

BitBoy, a well-known figure in the cryptocurrency industry, has claimed that Alameda Research froze transactions when the Solana blockchain was put on hold. He also sent out a warning, telling anybody who owns Solana shares to cash them out. BitBoy said that while the blockchain was down, Alameda Research laundered money via a few transactions.

As a result of these problems, the price of the SOL token dropped. SOL is now trading at $13.70 per share.

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