Alameda Research continues to deposit Worldcoin (WLD) to Binance in advance of FTX repayments

Alameda Research has implemented a consistent schedule for the deposit of WLD to Binance.

Alameda Research’s remaining wallets are continuing to transmit Worldcoin (WLD) to centralized exchanges, with the majority of these transfers to Binance. The wallet’s aggregate value has decreased in recent months, despite the fact that the fund flow was as high as $2.5M in the past month.

Alameda Research, one of the counterparties responsible for the overall FTX compensation, is still in the process of divesting one of its aggregated accounts. For the previous month, there were consistent weekly inflows of Worldcoin (WLD) into centralized exchanges. The inflows occur at a time when the market is also required to ingest WLD releases in accordance with the token’s predetermined schedule.

In just two months, the tranches have already established a transfer pattern, having commenced on August 9.

Alameda liquidated $2.51M in WLD, with a total of 1.56M tokens, over the course of a two-month period. The wallet contains an additional 23.44 million WLD, which is estimated to be worth over $43 million. Alameda Research incurred substantial hazards in the acquisition of assets by combining funds with the FTX Exchange.

Alameda Research continues to liquidate its minor holdings through exchanges such as OKX, KuCoin, and others. Nevertheless, the WLD sale is the most significant.

The accord to cooperate in the FTX repayment may necessitate years for Alameda Research to divest some of its holdings. Caroline Ellison, the former co-CEO of Alameda Research, also consented to submit any remaining assets for inclusion in the FTX repayment schedule.

For the past two years, the open market has already sold all of the FTX assets that are presently available. Nevertheless, the remaining wallets are experiencing an increased level of uncertainty as the prices of altcoins continue to decline. Under unfavorable market conditions, the wallet’s value may go underwater, as it is currently in close proximity to the levels from April 2022.

Some of the assets of FTX and Alameda Research either returned to their levels from 2021 or revisited previous price peaks during the 2024 bull market. Nevertheless, the organizations were unable to transfer all of the assets at the zenith. FTX was in the process of preparing to recompense its merchants and investors when the renewed selling of WLD occurred.

Worldcoin continues to be a low-float initiative, with a little more than 10% of the supply unlocked. Since the initial introduction, WLD has remained in the red, plummeting to $1.85. The steepest openings will also occur over the next two years.

Alameda Research is currently in possession of unlocked assets that are available for sale, as the market continues to attract early investors. Simultaneously, Worldcoin contributes an additional 1.3M to the market each day and will maintain this rate for the next 629 days.

While Alameda Research’s selling may contribute to the price pressure, unlocks will continue to be the more significant factor in the long term.

Alameda Rearch also possesses BIT, which has been transferred to a new asset, MNT, and is currently valued at $68M. As an early investor, Alameda Research has vested the asset. The earliest potential sales of its MNT holdings could occur in November.

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