The ongoing Worldcoin (WLD) token sell-off by bankrupt institutions Three Arrows Capital (3AC) and Alameda Research is worrying investors. These institutions have been steadily selling their unlocked tokens since July, leading to downward pressure on WLD’s price.
Worldcoin (WLD) Token Sell-Offs
The ongoing sell-off of WLD tokens is causing concern among investors. Both institutions started selling their unlocked tokens in July, which has put pressure on WLD's price.
3AC Token Liquidation
Three Arrows Capital, a now-bankrupt hedge fund, holds 75 million WLD tokens and has been unloading its holdings since the end of July. According to Etherscan, they continue to sell their assets, currently holding around 72.46 million WLD, valued at around $115.2 million. At the current rate, it could take up to three years to fully liquidate their holdings.
Alameda Research Token Sales
Alameda Research also holds a sizable amount of WLD. While exact figures for their sold tokens haven't been provided, their actions have a noticeable impact on the market.
The sell-off of WLD tokens by bankrupt institutions 3AC and Alameda Research continues to put pressure on the market, causing volatility and price declines. Investors should stay informed and closely monitor the situation.
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