According to PANews, on-chain data analyst Yujin revealed on the X platform that two bankrupt institutions, which are also WLD investors, have been continuously selling their unlocked WLD tokens since the linear unlocking began at the end of July.
Three Arrows Capital, which acquired 75 million WLD tokens through investment, has been selling the unlocked tokens gradually since late July. To date, they have sold a total of 2.538 million WLD tokens, equivalent to approximately $4.06 million.
Similarly, Alameda, which obtained 25 million WLD tokens through investment, started selling the tokens at a weekly frequency from early August. So far, they have sold a total of 1.129 million WLD tokens, amounting to around $1.8 million.
Based on the current selling rate and volume of these two institutions, it is estimated that it will take approximately three years for them to fully unlock and sell all their WLD tokens.
