Alameda-Linked Wallet Sends $15.14M of SOL to BitGo Custody

Alameda Research-linked wallets have restarted Solana (SOL) transfers. Onchain Lens reported that an address tied to Alameda moved 201,000 SOL—valued at about $15.14 million—to BitGo Custody. The transfers were split across multiple transactions, with the SOL distributed among several custody addresses. Nansen data show the primary wallet still holds 3.016 million SOL, worth roughly $226.7 million. Alameda has made similar movements in the past. When these tokens shift, some have historically found their way to exchanges and been sold as part of creditor repayments. Even so, a move into custody does not automatically signal an imminent sale. With a Q3 creditor deadline approaching, the latest transfer could also reflect preparations for asset distribution or internal reallocation. Market reaction was muted. SOL edged higher and traded near $75 at last check, despite a 2.14% daily decline and a 7.5% drop over the past week. The volatility sparked liquidations, skewed heavily toward bullish bets. CoinGlass data show $10.89 million in long positions were liquidated, versus $1.9 million in shorts. Flows point to continued selling pressure. CoinGlass reported Solana Spot Netflow turned positive, rising to $9.02 million from $1.42 million, indicating more SOL moving onto exchanges than off—often a setup for additional downside. Momentum indicators also remain weak. TradingView data show the Aroon Up has declined for 10 consecutive days, falling from 100% to 28%, while SOL has dropped below its MomentumAdjusted Moving Average (MaMa). If sellers maintain control, SOL could slide toward $70. A daily close back above the MaMa, around $78.62, would be needed to challenge the bearish setup. Summary: A wallet linked to Alameda Research sent 201,000 SOL ($15.14 million) to BitGo Custody. SOL price action was largely unchanged, but technical signals and exchange inflows suggest sellers remain in control.