Worldcoin

Date: Wed, Oct 09, 2024, 08:16 AM GMTAlameda Research, once a powerful name in the crypto world, has been making headlines again – this time for regularly selling off large amounts of Worldcoin (WLD) on Binance. According to <a href="https://x.com/spotonchain/status/1843915027985965437" rel="noopener noreferrer nofollow">Spotonchain</a> reports, Alameda has been depositing $265,000 worth of WLD (around 143,770 tokens) weekly for the past two months.Since August 9, Alameda has sold a total of 1.56 million WLD, valued at around $2.51 million, in 10 separate batches on Binance. With an average selling price of $1.605 per token, the company still holds approximately 23.44 million WLD, worth about $43 million. If Alameda continues at this pace, it could take over three years to fully liquidate its remaining holdings.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2a9ae5e563a34bdd9e874d7713801057.jpeg" />Source: Spotonchain (X)The steady sell-off is believed to be part of Alameda&#39;s effort to gather liquidity to repay creditors after FTX, the cryptocurrency exchange co-founded by Sam Bankman-Fried, collapsed last year. The court recently approved FTX&#39;s plan to repay $16.5 billion to its customers, further intensifying Alameda&#39;s need to offload assets.Despite Alameda&#39;s consistent WLD sell-off, the token&#39;s price has risen by 31% over the past 30 days, currently trading at $1.86.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/06c8c8f83c104ab883c2ba30068ab314.png" />Source: CoinmarketcapHowever, investors remain cautious, keeping a close watch on the company&#39;s substantial remaining WLD reserves.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: A<a href="https://coinsprobe.com/atleta-and-bybit-forge-powerful-partnership-a-chance-to-win-real-porsche-rolex-or-iphone/" rel="noopener noreferrer nofollow">TLETA and Bybit forge powerful partnership: a chance to win real Porsche, Rolex or iPhone.</a>

Alameda Research Deposits $265K Worth of WLD to Binance Weekly for Two Months

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