News

Alameda Research Continues Significant Weekly Deposits Of $WLD To Binance Amidst Worldcoin Price Surge

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 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.

Related Post

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

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

The 4 Altcoins Ready to Make Millionaires in 2024—DTX Exchange Is at the Top of the List

Donald Trump has shown positive sentiments towards cryptocurrency, and as a result of the significant…

3 hours ago

Crypto Ecosystem Development And Market Activity: Solana, Bitcoin, And Bitget In Focus

As of the first week of October, the overall development activity across various blockchain ecosystems…

5 hours ago

SHIB Early Buyer 0x761 Makes Strategic Moves With NEIRO Tokens

In a strategic move over the past three hours, the entity known as 0x761, an…

5 hours ago

Crypto Whale Dimethyltryptamine.eth Joins $MOODENG Hype, While Vitalik Buterin Donates Proceeds To Charity

The renowned whale dimethyltryptamine.eth, known for turning a $45K investment into a staggering $25.2M with…

5 hours ago

Ethereum Staking Reaches New High As Market Activity Heats Up Around Key Price Levels

The percentage of Ethereum ($ETH) staked has surged to 28.9%, up from 23.8% in January,…

5 hours ago

Bitcoin Rebounds To $63K As MicroStrategy Nears All-Time High Amid Whale Shift

After a recent 10% correction, Bitcoin has rebounded, climbing back to the $63,000 mark as…

5 hours ago