AlamedaResearchisstilltransformingitsholdings.AseriesoftransactionsshowedamovementofWorldcoin(WLD)intoBinance.
AlamedaResearchisstilltransformingitswallets,aheadoftheexpectedrepaymenttoFTXcreditors.On-chainactivityshowsrenewedmovementsofWorldcoin(WLD)toBinance,potentiallyforliquidation.
WLDhasbeenoneoftheknownholdingsofAlameda,thoughtheamountaftertheliquidationisrelativelysmallcomparedtotheoverallpaymentsofFTX.AlamedahasbeensellingWLDforthepastthreemonths,liquidatingatotalof1.7Mtokensestimatedat$2.48M.AlamedahasliquidatedWLDatanaveragepriceof$1.67.ThepreviousWLDdepositwasonOctober16,for143KWLD.
ThelatesttransactiontoBinanceinvolved143KWLD,valuedat$317K.TheAlamedawalletstillcontainsmorethan$50MworthofWLDandmaytakeyearstodivestitsstake.AlamedaResearchwasanearlyinvestorinWorldcoin,amongothercoinsandtokens.
Inthepastsixmonths,outlaysfromAlameda’swalletactuallysloweddown,aftertherapidinitialliquidations.Evenafterthesale,Alameda’swalletisranked22outofmorethan30KholdersofWorldcoinonitsEthereumversion.Alamedastillowns0.23%ofthetotalsupply.WLDhasacirculationofcloseto560Mtokensoutofitstotal10Bsupply.
Alameda’swalletreceivesriskymemetokens
Alameda’swalletisalsoshowingaseriesoftokeninflows,linkedtoUniswapV2.Thewallethasactivetransactionsfromthepasttwoweeks,receivingnewpositionsinriskymemetokens.
Mostoftheriskytokenslosttheirvaluethroughrugpulls,anditisuncertainhowtheylandedinAlameda’swallet.Inthepastweek,therewerealsooutflowsofseveralsmallholdings,includingCereNetwork(CERE),Curve(CRV),IDEX,andAERGO.Alamedahasstoppeditspanic-selling,anditstransactionsaremostlyseenasplannedunloading.
Thewalletisstillvaluedat$152.3M,benefittingfromtheoverallmarketrecovery.WLDisalsobecomingmorevaluabletoAlameda,afterrallyingto$2.24,farabovetherecentaveragesellingprice.Evenwiththerecentselling,Alamedasawitsportfoliorecoverafterarecentdip.
Inthepastfewmonths,therewerefearsthatsellingfromAlamedacouldfurtherpressurethemarket.Thistimearound,Alamedaissellingintoabullmarketanddoesnothavesufficientholdingstocauseapricedrawdown.WLDhasalsobeenrallyingforthepastmonth,addingvaluetoAlameda’sportfolio.
AlamedaitselfisnotmentionedasabackerofWorldcoin.TheonlyconnectiontotheprojectisSamBankman-Fried,mentionedasanangelinvestorforanundisclosedsum.AlamedaResearchitselfhas231investmentsof$3Mto$10M,withanaverageROIofmorethan100X.
WorldChainbringsfirstusersonboard
Worldcoinisenteringanewstage,withmoretokenunlockscoming.Currently,only11.39%ofthetokensareincirculation.OneofthehypothesesforAlameda’ssellingisthatitfinallyhastherighttomovethetokensandcashout.
WorldChainbroughtaround12Kwalletsinthefirstdaysafteritslaunch,handlingover245Ktransactions.Theendgoalistomigrateatotalof15MuserstotheL2,thoughcurrently,onlyaround30KwalletsholdWLD.Worldcoinretainsitsambitiontobecomeagloballyusedasset,continuingtoonboardnewuserswithrealidentitiesthroughitsbiometricdataorbs.
WLDisnowinvitingpredictionsforevenbiggerappreciation,afterthelaunchofitsnativeWorldChain.ThenewL2chainhasalreadylockedin$90Minvalueinthefirstdaysafteritslaunch,with$6Minstablecoins.
WLDalsoreturnedtoa$1.33Bmarketcapitalization,withafullydilutedvaluationabove$24B.WLDmanagedtorallyto$10.67intheMarchbullmarket,sparkinghopesofarecovery.
TheWorldcoinprojectsparkedsomeskepticismaboutitsutility,buttheWLDtokenisturningintoaspeculativeasset,expectingabreakout.WLDopeninterestisalsoslowlyrecovering,gettingclosetoathree-monthhighof$193M.
cryptopolitan.com