Alameda Dumps 143K WLD on Binance: Worldcoin Crash Imminent?

• Alameda Research has transferred 143.77K WLD tokens to Binance.
• Since August 9th, Alameda has deposited a substantial 2 million WLD tokens.
• Alameda still has a significant 23.01 million WLD (over $47.6 million) left.

Alameda Research, the sister company of bankrupt crypto exchange FTX, transferred 143.77K WLD tokens to a centralized exchange (CEX). This move raises concerns that the altcoin could decline, as the firm has sold a significant amount of WLD in recent months.

Blockchain analysis platform Spot On Chain reported that Alameda Research has deposited 2 million WLD tokens (worth approximately $3.46 million) to Binance since August 9 “in multiple small batches, likely to repay creditors.”

FTX and its related entities, including Alameda, filed for bankruptcy in 2022 and owe billions of dollars to creditors. The company has been selling WLD tokens to repay this debt and still has 23.01 million WLD (over $47.6 million) left. Spot On Chain estimates that it may take Alameda over 3 years to fully liquidate these remaining tokens at the current rate.

Alameda, founded by Sam Bankman-Fried (SBF) and Tara Mac Aulay in 2017, had secret backdoor access t…

The post Alameda Dumps 143K WLD on Binance: Worldcoin Crash Imminent? appeared first on Coin Edition.