{"id":172858,"date":"2024-10-09T16:01:01","date_gmt":"2024-10-09T16:01:01","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172858"},"modified":"2024-10-09T16:01:05","modified_gmt":"2024-10-09T16:01:05","slug":"worldcoin-wld-plummets-after-massive-token-dump","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/worldcoin-wld-plummets-after-massive-token-dump\/","title":{"rendered":"Worldcoin (WLD) Plummets after Massive Token Dump"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Worldcoin (WLD) faces strong <strong>selling pressure<\/strong> due to massive liquidations by <strong>Alameda Research<\/strong>, which has sold <strong>143,770 tokens<\/strong> weekly on Binance.<\/li>\n<li style=\"text-align: justify\">The price of WLD has <strong>fallen by 1.6%,<\/strong> reaching <strong>$1.83<\/strong>, while trading volume decreases by 28.2%, evidencing a marked disinterest among investors.<\/li>\n<li style=\"text-align: justify\">Some analysts speculate about a <strong>possible rebound<\/strong> in the price of WLD, driven by <strong>Microsoft&#8217;s potential acquisition of OpenAI<\/strong>.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong>Worldcoin (WLD),<\/strong> an AI token, is facing significant <strong>selling pressure<\/strong> following the massive <a href=\"https:\/\/platform.spotonchain.ai\/en\/platform\/entity\/79\" target=\"_blank\" rel=\"noopener\"><strong>liquidations<\/strong> <\/a>by <strong>Alameda Research<\/strong>.<!--more--><\/p>\n<p style=\"text-align: justify\">The firm, recognized in the market as a major <strong>liquidity provider<\/strong>, has been offloading large volumes of WLD on the <a href=\"https:\/\/crypto-economy.com\/binance-exchange-review-complete-guide\/\" target=\"_blank\" rel=\"noopener\"><strong>Binance<\/strong> <\/a>platform, causing concern among investors in the token.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Alameda Research has been depositing 143,770 <a href=\"https:\/\/twitter.com\/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$WLD<\/a> (now $265K) to Binance weekly for the past 2 months!<\/p>\n<p>Since August 9, they\u2019ve deposited 1.56M <a href=\"https:\/\/twitter.com\/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$WLD<\/a> ($2.51M) to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Binance<\/a> in 10 batches at an average price of $1.605, leaving 23.44M <a href=\"https:\/\/twitter.com\/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$WLD<\/a> ($43M) remaining. At this rate, it could take\u2026 <a href=\"https:\/\/t.co\/k0qLuZiGr9\" target=\"_blank\">https:\/\/t.co\/k0qLuZiGr9<\/a> <a href=\"https:\/\/t.co\/jqgzCBylWO\" target=\"_blank\">pic.twitter.com\/jqgzCBylWO<\/a><\/p>\n<p>&mdash; Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1843915027985965437?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Recent on-chain data indicates that, over the past few weeks, Alameda has been selling around <strong>143,770 Worldcoin tokens weekly<\/strong>. Since August 9, the company has disposed of a total of <strong>1.56 million tokens<\/strong>, worth approximately <strong>$2.51 million<\/strong>, in ten separate transactions with an average deposit price of <strong>$1.605 per token<\/strong>.<\/p>\n<h2 style=\"text-align: justify\">Bad Day for Worldcoin (WLD)<\/h2>\n<p style=\"text-align: justify\">As selling pressure increases, the <strong>price of WLD<\/strong> has experienced a decline of nearly <strong>1.6%<\/strong> in intraday trading, reaching a value of <strong>$1.83<\/strong>. Over the past 24 hours, the price of the token fluctuated between <strong>$1.83 and $1.89<\/strong>, evidencing extreme volatility. Additionally, trading volume has decreased by<strong> 28.2%, hovering around $175 million<\/strong>.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172862\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/wld-post.jpg\" alt=\"worldcoin wld post\" width=\"1366\" height=\"866\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/wld-post.jpg 1366w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/wld-post-300x190.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/wld-post-1024x649.jpg 1024w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/wld-post-768x487.jpg 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><\/p>\n<p style=\"text-align: justify\">The continuous sales by Alameda Research have generated a negative sentiment, leading investors to <strong>question the future of Worldcoin<\/strong>. Moreover, Coinglass data has shown a <strong>10% drop in WLD&#8217;s open interest in futures<\/strong>, which now stands at<strong> $170.83 million<\/strong>. The <strong>volume of derivative trades has also decreased by 31%<\/strong>, falling to<strong> $754.13 million<\/strong>, indicating a marked disinterest from investors.<\/p>\n<h3 style=\"text-align: justify\">A Possible Rebound with Microsoft&#8217;s Help<\/h3>\n<p style=\"text-align: justify\">Despite this unfavorable context, some analysts suggest that there is a <strong>possibility of a rebound<\/strong> in the price of WLD. Recently, speculation has arisen around a <strong>potential acquisition of OpenAI by Microsoft<\/strong>, which could benefit Worldcoin and reactivate its price.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-83966\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/05\/worldcoin.jpg\" alt=\"Analista destacado: 'Worldcoin podr\u00eda convertirse en la mayor transferencia de riqueza de este ciclo... pero hacia los bolsillos de su equipo'\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\">However, the situation with Alameda Research also raises other concerns. Currently, the firm holds <strong>23.44 million WLD tokens<\/strong>, valued at approximately <strong>$43 million<\/strong>. Liquidating these remaining holdings could <strong>prolong <a href=\"https:\/\/crypto-economy.com\/bear-market\/\" target=\"_blank\" rel=\"noopener\">downward<\/a> pressure<\/strong> on the price of WLD, with estimates suggesting that this process could extend over the <strong>next three years<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Worldcoin (WLD) faces strong selling pressure due to massive liquidations by Alameda Research, which has sold 143,770 tokens weekly on Binance. The price of WLD has fallen by 1.6%, reaching $1.83, while trading volume decreases by 28.2%, evidencing a marked disinterest among investors. Some analysts speculate about a possible rebound in the price of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Worldcoin (WLD) Plummets after Massive Token Dump\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/worldcoin-wld-plummets-after-massive-token-dump\/#more-172858\" aria-label=\"More on Worldcoin (WLD) Plummets after Massive Token Dump\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74],"tags":[5472,4620,4656,9908,9584],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172858"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172858"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172858\/revisions"}],"predecessor-version":[{"id":172863,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172858\/revisions\/172863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172861"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}