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Alameda Research continues to deposit Worldcoin (WLD) to Binance

Author: Content Editor
Alameda Research, a prominent crypto trading firm, has been liquidating its holdings of Worldcoin (WLD) and moving them to the Binance exchange. The amount of WLD being liquidated is relatively small compared to the overall payments Alameda is making to FTX creditors. Alameda has been selling WLD for the past three months, with a total of 1.7 million tokens liquidated at an average price of $1.67. The recent transaction involved 143,000 WLD tokens valued at $317,000. Despite the selling, Alameda still holds over $50 million worth of WLD, which may take years to divest its stake. In addition to the WLD liquidation, Alameda's wallet has been receiving new positions in risky meme tokens, although it is uncertain how these tokens ended up in the wallet. Alameda's portfolio has benefited from the overall market recovery, and WLD's value has increased. Worldcoin itself is entering a new stage with more token unlocks coming, and the project aims to migrate a total of 15 million users to its L2 chain. Despite skepticism about its utility, the WLD token is becoming a speculative asset, with expectations of a breakout and a recovery in its open interest.

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