đWorldcoin under pressure thanks to Alamedaâs sell-off đČ
Hereâs whyLately, Worldcoin $WLD has emerged as a standout performer in the cryptocurrency market, generating significant bullish momentum and achieving double-digit gains.
However, the project, which integrates artificial intelligence with cryptocurrency, now faces challenges stemming from ongoing sell-offs by Alameda Research.
âïžAlameda Research fuels selling pressure
Blockchain data revealed that Alameda Research, a significant market player, is actively liquidating its WLD holdings.
In fact, it contributed to a nearly 5% drop in the tokenâs price within a single day.According to CoinMarketCap, Worldcoin fell by 5.20% over the last 24 hours and was trading at $1.72 on the charts.
This raised concerns among investors about the tokenâs long-term viability. All this happened because a crypto wallet associated with the defunct FTX exchange and its sibling company, Alameda Research, has been actively transferring substantial quantities of WLD.
