The post Alameda Research continues to deposit Worldcoin (WLD) to Binance appeared on BitcoinEthereumNews.com.

Alameda Research is still transforming its holdings. A series of transactions showed a movement of Worldcoin (WLD) into Binance.  Alameda Research is still transforming its wallets, ahead of the expected repayment to FTX creditors. On-chain activity shows renewed movements of Worldcoin (WLD) to Binance, potentially for liquidation.  WLD has been one of the known holdings of Alameda, though the amount after the liquidation is relatively small compared to the overall payments of FTX. Alameda has been selling WLD for the past three months, liquidating a total of 1.7M tokens estimated at $2.48M. Alameda has liquidated WLD at an average price of $1.67. The previous WLD deposit was on October 16, for 143K WLD. The latest transaction to Binance involved 143K WLD, valued at $317K. The Alameda wallet still contains more than $50M worth of WLD and may take years to divest its stake. Alameda Research was an early investor in Worldcoin, among other coins and tokens. In the past six months, outlays from Alameda’s wallet actually slowed down, after the rapid initial liquidations. Even after the sale, Alameda’s wallet is ranked 22 out of more than 30K holders of Worldcoin on its Ethereum version. Alameda still owns 0.23% of the total supply. WLD has a circulation of close to 560M tokens out of its total 10B supply. Alameda’s wallet receives risky meme tokens Alameda’s wallet is also showing a series of token inflows, linked to Uniswap V2. The wallet has active transactions from the past two weeks, receiving new positions in risky meme tokens.  Most of the risky tokens lost their value through rug pulls, and it is uncertain how they landed in Alameda’s wallet. In the past week, there were also outflows of several small holdings, including Cere Network (CERE), Curve (CRV), IDEX, and AERGO. Alameda has stopped its…

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Filed under: News - @ October 22, 2024 10:16 pm