I remembered something and want to share with you all:
The five coins op, arb, apt, sui, and wld are discussed together.
I have excluded these four coins from my list of bull market bottom picks, and I do not recommend you to choose these coins as bull market holdings. Reasons:
For these five coins, more than 80% of the coins have not been unlocked and released and are still locked.
But they will be unlocked slowly later, especially for WLD, only 2% of the market circulation has been released, which means 98% of the coins are locked. These will be unlocked later.
What’s new with WorldCoin ($WLD )?
WLD, it’s 54%. Do you have to listen to others saying that it will be unlocked and plummeted every day, and then follow them to go short?
1.67 entered the market and now it has increased by 54%. What? When did you post it? Look at the referenced article, my strategy, you never need to pay to watch it.
Finally, let me ask: is the trend more attractive or the short-term more attractive? Don’t trade against the trend to get those few points and miss the whole market! WLD 2.8, it’s almost there, when it’s infinitely close to the target, it’s time to take profits, break through, and then see!
Over the past two months, the on-chain wallets studied by Alameda have moved approximately 1.55 million WLD tokens to Binance in 10 transactions at an average price of approximately $1.605.
The proceeds from these sales, estimated at approximately $2.5 million, were likely intended to refund FTX’s customers and creditors in preparation for bankruptcy.
Alameda Research is currently depositing 143,770 WorldCoin tokens every two weeks under a repayment plan recently approved by the judge overseeing FTX’s bankruptcy case.
John J. Ray III, current CEO of FTX, said:
"Looking ahead, we are preparing to repay 100 percent of bankruptcy claims plus interest to non-government creditors in what will be the largest and most complex bankruptcy distribution in history."
If FTX and Alameda continue with this refund strategy, it could lead to a further migration of altcoins to major exchanges like Binance and OKX.
Impact of the previous round of sales
After the last sale of Worldcoin tokens to Binance, Alameda’s wallet now holds 23.4 million WLD tokens.
At current liquidation rates, this could take about three years to complete, according to SpotOnChain.
What do on-chain metrics show?
To further validate the speculation of selling pressure, we analyzed data from IntoTheBlock, which showed that the current value of the tokens held by the vast majority (79%) of WLD holders is lower than their purchase price, meaning they are “out-of-the-money”.
In contrast, only 12% of holders hold WLD tokens worth more than their purchase price, so these tokens are considered “good value for money.”
These data indicate that there is a clear bearish sentiment in the market and that there is a high probability that the price of Worldcoin will fall further, a trend that is mainly driven by the selling activity of Alameda Research.
Every time I see wld, many leeks have infinite faith in him. Currently, only 1.1% has been unlocked, and some people even overestimate it to 2%.
The current market value of wld is 280 million US dollars, and the price of a single coin is 2.4. If all are unlocked, it still needs to maintain a unit price of 2.4, so its total market value must rise to 28 billion US dollars. A direct increase of 100 times. In order to maintain the current price, if the total market value does not rise to 28 billion US dollars, can you imagine how much the price of the currency will fall?
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#Worldcoin更名为WorldNetwork #SUI走势分析