Alameda Offloads 143K WLD on Binance: Is a Worldcoin Decline on the Horizon?

Alameda Research has recently transferred 143.77K WLD tokens to Binance, sparking speculation about a potential dip in Worldcoin's price. Since August 9, Alameda has deposited a total of 2 million WLD tokens on the platform, an amount worth approximately $3.46 million. These transfers, made in multiple smaller batches, are reportedly intended to help the company repay its creditors, according to blockchain analysis firm Spot On Chain.

Alameda, a sister company of the now-bankrupt FTX exchange, still holds a considerable 23.01 million WLD tokens, valued at over $47.6 million. This sizeable remaining balance raises concerns about continued sell-offs and further price impacts on WLD. Spot On Chain suggests that, given the current selling pace, Alameda could take over three years to fully liquidate its remaining WLD assets.

Founded by Sam Bankman-Fried and Tara Mac Aulay in 2017, Alameda Research has been offloading its WLD tokens to address its outstanding debt. With the firm's history of significant token holdings and the ongoing pressure to repay creditors, the market is on high alert for further actions from Alameda that could influence Worldcoin's price trajectory.

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