FTX's Company Takes Action for an Altcoin for the First Time: Massive Sale May Come!

Alameda, which functions as FTX's trading firm, drew attention with a transaction it made specifically for an altcoin.

According to on-chain data provided by Arkham, Alameda, which is affiliated with the bankrupt cryptocurrency exchange FTX, rolled up its sleeves for Worldcoin (WLD) on August 9. The institution sent 205 thousand WLD worth $351 thousand to Binance. Alameda's second most held altcoin was recorded as WLD.

With this transfer, Alameda transferred WLD to an exchange for the first time. A US court recently ended the FTX and Alemeda lawsuit and ordered a payment of $12 billion to creditors.

It is thought that Alameda's latest transaction was made in order to provide liquidity as part of the repayments to be made to creditors. If this is indeed the case, the company could soon sell a large amount of WLD.

The WLD price was not significantly affected by Alameda’s move.

According to CoinGecko data, WLD is trading at $1.79 at the time of writing, up 10% in the last 24 hours.