For the past two months, Alameda Research has been making consistent weekly deposits of 143,770 $WLD (currently valued at $265,000) to Binance.
Since August 9, the firm has transferred a total of 1.56 million $WLD (worth approximately $2.51 million) in 10 separate batches, with an average price of $1.605 per token.
Despite these regular deposits, Alameda still holds a sizable 23.44 million $WLD, valued at around $43 million. At this pace, it could take them more than three years to fully offload their holdings.
Alameda Research has been depositing 143,770 $WLD (now $265K) to Binance weekly for the past 2 months!
Since August 9, they’ve deposited 1.56M $WLD ($2.51M) to #Binance in 10 batches at an average price of $1.605, leaving 23.44M $WLD ($43M) remaining. At this rate, it could take… https://t.co/k0qLuZiGr9 pic.twitter.com/jqgzCBylWO
— Spot On Chain (@spotonchain) October 9, 2024
Alameda Holds Over $68 Million Worth Of $MNT
Alameda’s largest remaining position is 98.86 million $BIT tokens (now rebranded as $MNT), currently valued at $68 million. Notably, this substantial holding becomes available for sale in November when a three-year no-sale agreement with BitDAO comes to an end.
Meanwhile, Worldcoin, which has seen a significant rise in value recently, is benefiting from OpenAI’s ongoing global expansion. The company, led by Sam Altman, is preparing to open new offices in key locations, including the U.S., France, and Asia, reflecting its ambitious growth plans.
With OpenAI's global expansion in progress, #Worldcoin is seeing a substantial price increase.#SamAltman’s company plans to open new offices in the U.S., France, and Asia, highlighting its growth strategy.
Will $WLD prices reach $37?👇https://t.co/WYFTjyElA2#CoinPedia… pic.twitter.com/kHN8agwsUg
— Coinpedia (@CoinpediaNews) October 9, 2024
With OpenAI scaling its operations and Worldcoin gaining momentum, market observers are closely watching Alameda Research’s future moves in relation to both $WLD and $BIT tokens.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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