- Alameda Analysis transferred 143.77K WLD tokens to Binance.
- Since August 9, Alameda has deposited a considerable quantity of two million WLD tokens.
- Alameda nonetheless has 23.01 million WLD (over $47.6 million) remaining.
Alameda Analysis, the sister firm of bankrupt crypto alternate FTX, has transferred 143.77 thousand WLD tokens to a centralized alternate (CEX). The transfer raises fears of a decline within the altcoin, as the corporate has offered a major quantity of WLD in latest months.
Blockchain analytics platform Spot On Chain reported that Alameda Analysis has deposited 2 million WLD tokens (value roughly $3.46 million) to Binance since August 9 “in a number of small batches , able to repaying collectors.
FTX and its associated entities, together with Alameda, filed for chapter in 2022 and owe billions of {dollars} to their collectors. The corporate offered WLD tokens to repay this debt and nonetheless has 23.01 million WLD (over $47.6 million) remaining. Spot On Chain estimates that it could take Alameda over 3 years to fully liquidate these remaining tokens on the present price.
Alameda, based by Sam Bankman-Fried (SBF) and Tara Mac Aulay in 2017, had secret entry to FTX shopper funds. SBF and a few of its associates have been just lately convicted, with Alameda CEO Caroline Ellison serving jail time.
Will the WLD token crash?
WLD buying and selling quantity fell 17.48% over the previous 24 hours to $210.35 million. The market capitalization of the altcoin is $1.22 billion. The cryptocurrency is buying and selling 82.36% beneath its all-time excessive of $11.82.
Additionally learn: VeChain, Solana and Worldcoin lead the highest 8 Altcoins with upside potential
Knowledge from CoinMarketCap exhibits that WLD is buying and selling at $2.08 and hit a day by day excessive of $2.14 over the previous 24 hours. WLD fell 9.16% final week however rose 3.19% over the previous 30 days. Since November 2023, Worldcoin has elevated by 14.77%.
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