Alameda Research Continues to Offload $WLD Tokens, Depositing 143,770 $WLD (Now $265K) to Binance Weekly

Alameda Research has been steadily depositing large amounts of $WLD tokens into Binance, with a total of 1.56 million $WLD, valued at $2.51 million, transferred in 10 batches since August 9, according to several reports.

Alameda 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

Each week, Alameda has deposited precisely 143,770 $WLD tokens, valued at approximately $265,000, into their Binance account, with the transfers occurring at an average price of $1.605 per token. At the current rate, and with a remaining balance of 23.44 million $WLD, valued at $43 million, it could take over three years for Alameda to completely unload their holdings.

According to Spot On chain, Alameda Research’s top holding is now 98.86 million $BIT (now known as $MNT) tokens, valued at $68 million. These tokens are set to become available for potential sale starting in November, following the conclusion of a three-year no-sale commitment made with BitDAO.

This consistent offloading raises questions about market liquidity and the potential impact on $WLD’s price stability, with investors and market analysts likely to be closely monitoring Alameda’s activities, especially as the lock-up period for their largest holding nears its end, potentially introducing a significant amount of $BIT (MNT) into the market.

The attached visual data from Alameda’s portfolio management platform confirms the transaction details and highlights the distribution of their token holdings, emphasizing the substantial weight of $BIT in their investment strategy.

As the crypto community watches these developments, the strategic financial moves by Alameda Research are likely to influence $WLD’s market movements and could set precedents for how large holders manage and liquidate significant crypto assets in the future.