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Alameda Research Continues Selling Worldcoin (WLD) on Exchanges

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2 hours ago


In recent months, Alameda Research has been actively selling Worldcoin (WLD) on centralized exchanges. The sales coincide with planned WLD token unlocks and a general decline in the company's asset values.

Alameda Research Activity

Alameda Research, as a key player in the FTX compensation process, continues to liquidate assets from its portfolio. The last month saw weekly inflows of Worldcoin (WLD) to centralized exchanges such as Binance. The total sold assets amounted to $2.51M, which included 1.56M WLD tokens. The company retains another 23.44M WLD, valued at more than $43M.

Worldcoin Market and Price Impact

Worldcoin remains a low-float project, with slightly more than 10% of its total supply unlocked. The token's price has dropped to $1.85, and the sales from Alameda Research might add to the price pressure. However, the main influence will come from the scheduled token unlocks, which will continue for the next two years. Each day, 1.3M WLD enters the market.

Alameda Research Investment Portfolio

In addition to WLD, Alameda Research holds other promising tokens and projects. These include BIT (now MNT), which may be sold after its vesting period in November. The company has invested in 231 projects, including promising platforms like JitoSOL and StarkNet. Since its founding in 2018, the total amount of Alameda Research's investments has reached $21.79B.

Despite ongoing sales, Alameda Research remains a significant player in the cryptocurrency market and continues its asset management activities as part of FTX compensation commitments.

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