Worldcoin, one of Sam Altman’s projects that combines artificial intelligence and cryptocurrency, has been facing significant pressure in recent days. Alameda Research’s major sell-off in particular has raised concerns among investors, while the WLD token price has fallen by almost 5% during the day. Cryptocurrency enthusiasts are speculating differently about the future of the WLD token, given the current market data and bearish trends.

The Impact of Alameda Research’s Sale on Worldcoin

Worldcoin has been facing significant selling pressure recently due to market maker Alameda Research’s continuous sale of WLD tokens to major crypto exchange Binance. According to Spotonchain data, Alameda Research has negatively impacted the market by selling an average of 143,770 WLD tokens to Binance every week over the past two months. Notably, this market maker has sold a total of 1.56 million tokens, or $2.51 million worth of WLD tokens, to Binance in ten separate transactions since August 9. The average price of these sales was set at $1,605. As of now, Alameda still holds 23.44 million tokens, indicating that it would take approximately three years to sell this amount. Considering the current market situation of the WLD token, continuous sales could have an impact that could lead to a further decline in the token’s price.

Altcoin Price Drop

The WLD token price has fallen by almost 5% in the past 24 hours to $1.86. The coin’s lowest and highest prices during the day were recorded at $1.83 and $1.98, respectively. The AI ​​token is showing a bearish attitude due to the market maker’s continuous sell-off, which is increasing investors’ concerns. According to Coinglass data, the token’s futures open interest (OI) fell by 10% to $170.83 million. It was also observed that the trading volume on derivatives decreased by 31% in the past 24 hours to $754.13 million. This indicates that investors’ interest in the asset is decreasing. Combined with Alameda’s massive sell-off, market statistics show that the WLD token is generally trading in a bearish wave. Crypto enthusiasts expect the price to fall even further if further sell-offs occur.

Future Potential

However, experts' latest WLD price analysis shows that the cryptocurrency has the potential to increase by 400% in the future. This optimistic forecast has come to the fore with analysts predicting the possibility of Microsoft's acquisition of OpenAI. OpenAI stands out as one of the leading artificial intelligence companies led by Sam Altman. Microsoft's acquisition of OpenAI could pave the way for an increase in the value of the WLD token. Such developments in the cryptocurrency world usually increase the interest of investors and can change market dynamics. However, considering the current selling pressure and market uncertainties, it is emphasized that investors should be careful.