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’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 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.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: fotographic/123RF // Image Effects by Colorcinch
The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…
The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…
The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…
As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…
Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…
As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…