Not only SOL soared, but FTX’s restructuring team also holds a large amount of Solana-related tokens, including Raydium (RAY), which has also surged 51% in the past 24 hours, reigniting hope for FTX’s distressed holders. (SOL approaches $100, surpassing BNB! Arthur Hayes reverses support: Dreams that require selling SOL, pledging allegiance to ETH)
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SOL surges more than five times, creditors increase by $3 billion?
FTX creditor prices skyrocket
SOL surges more than five times, creditors increase by $3 billion?
SOL has risen nearly 19% in the past 24 hours, and its market value has surpassed BNB. FTX and Alameda’s bankruptcy liquidation team are still one of the largest holders.
According to statistics from Spot On Chain, FTX’s restructuring team has transferred 2 million SOL tokens (about $192 million) to exchanges between October 24 and December 14 this year.
More importantly, in 2025, after FTX’s bankruptcy on November 11, 2022, SOL has risen by 550%, from $17.66 to $98. This means that the restructuring team is expected to gain over $3 billion in cash through the liquidation process.
Spot On Chain points out that the restructuring team currently holds 40.5 million SOL tokens (about $3.99 billion) waiting for monthly linear unlocking (liquidation).
In a previous report,
Cherokee Acquisition
data shows that FTX’s creditor market prices have risen from $0.50 to $0.53 per dollar at the end of October to the current $0.57 to $0.73 per dollar.
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The increase in creditor prices also seems to be related to the latest update from FTX’s bankruptcy team on October 16. The update indicates that if the revised plan is approved, customers of FTX.com and FTX US will collectively receive “over 90% of the globally distributable value.”
Not only did SOL soar, but the restructuring team also holds a large amount of Solana-related tokens, including Raydium (RAY), which has surged 51% in the past 24 hours, reigniting hope for FTX’s distressed holders.
Cherokee creditor prices
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FTX creditor prices surge to $0.73, SOL surpasses XRP to become the fifth largest market cap token
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FTX
SOL
Solana
Spot On Chain
Further reading
FTX creditor prices surge to $0.73, SOL surpasses XRP to become the fifth largest market cap token
FTX debtors and Bahamian subsidiary undergo simultaneous bankruptcy proceedings across jurisdictions, Bahamian real estate can be sold