Alameda Research moved $𝟴.𝟮𝟱𝗠 𝗦𝗢𝗟 to Bitgo Custody across 24 transactions, marking the start of FTX creditor distributions. Alameda still holds over $𝟮𝟬𝟬𝗠 in SOL — a structural overhang now shifting from theoretical to actionable. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The flow goes to custody, not exchanges, so immediate sell pressure isn't confirmed. But once creditors receive and liquidate their SOL allocations, sustained selling is the base case. Watch for follow-on transfers from Bitgo to exchange wallets — that's the trigger. SOL has carried FTX-estate overhang risk for months. The first actual distribution changes the timeline from "someday" to "now." Traders should monitor for exchange-bound flows from creditor wallets in coming days. http://arkm.com/explorer/entity/alameda-research source: arkham Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1916(Hupzy (Spot On Chain))