{"id":95942,"date":"2024-10-09T10:08:40","date_gmt":"2024-10-09T14:08:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95942"},"modified":"2024-10-09T10:09:41","modified_gmt":"2024-10-09T14:09:41","slug":"worldcoin-falls-amid-alameda-researchs-dumps","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/worldcoin-falls-amid-alameda-researchs-dumps\/","title":{"rendered":"Worldcoin Falls as Alameda Research’s Massive Dumps"},"content":{"rendered":"\n

Worldcoin (WLD), an AI token, is seeing heightened selling pressure as Alameda Research<\/a> dumps millions to Binance.<\/p>\n\n\n\n

\"Worldcoin<\/figure>\n\n\n\n

Sam Altman\u2019s AI-crypto project, Worldcoin, has been facing significant challenges recently, particularly due to large-scale token dumps by Alameda Research. <\/p>\n\n\n\n

On-chain data revealed on Wednesday that the market maker has continued selling substantial amounts of the AI token, causing investor anxiety as WLD's price dropped by nearly 5% in intraday trading. <\/p>\n\n\n\n

Crypto enthusiasts are now speculating about the token\u2019s future in light of these market statistics and the bearish sentiment surrounding the recent selloffs.<\/p>\n\n\n\n

Worldcoin Under Pressure Due to Alameda Research\u2019s Massive Sell-offs<\/strong><\/h2>\n\n\n\n

Worldcoin has faced heavy selling pressure as Alameda Research, a prominent market maker, has consistently offloaded large amounts of WLD tokens to Binance, one of the leading crypto exchanges. <\/p>\n\n\n\n

On-chain data from Spotonchain \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>showed that Alameda Research has been dumping 143,770 WLD to Binance on a weekly basis for the past two months.<\/p>\n\n\n\n

Since August 9, the firm has sold 1.56 million tokens, valued at $2.51 million, to Binance in ten separate batches, with an average deposit price of $1.605. <\/p>\n\n\n\n

Currently, Alameda still holds 23.44 million tokens, worth approximately $43 million. <\/p>\n\n\n\n

At this rate, offloading their remaining holdings would take three years, potentially exerting ongoing downward pressure on WLD's price.<\/p>\n\n\n\n

Additionally, another of Alameda\u2019s significant holdings is MNT, previously known as BIT, which could also see selloffs once the firm\u2019s 3-year no-sale agreement with BitDAO concludes in November.<\/p>\n\n\n\n

WLD Price Drops by 5%<\/strong><\/h2>\n\n\n\n

In the past 24 hours, Worldcoin's price has fallen nearly 5%, settling at $1.86. The intraday low and high were recorded at $1.83 and $1.98, respectively. <\/p>\n\n\n\n

The continuous selling by Alameda Research has reinforced a bearish outlook for the token, sparking concern among investors.<\/p>\n\n\n\n

Coinglass data also highlighted a 10% drop in the token\u2019s futures open interest (OI), bringing it down to $170.83 million. <\/p>\n\n\n\n

Additionally, derivatives trading volume fell by 31% in the past day to $754.13 million, indicating a sharp decline in investor interest. <\/p>\n\n\n\n

Combined with Alameda\u2019s substantial selloffs, these market indicators suggest that WLD is currently riding a bearish trend across the broader crypto market.<\/p>\n\n\n\n

Possible Future Rally for WLD<\/strong><\/h2>\n\n\n\n

Despite the negative outlook, a recent price analysis of WLD hints at the possibility of a 400% rally. <\/p>\n\n\n\n

This optimistic prediction is driven by speculation that Microsoft may acquire OpenAI<\/a>, another leading AI firm led by Sam Altman. <\/p>\n\n\n\n

Crypto analysts believe such a move could potentially boost Worldcoin's prospects and drive its price higher.<\/p>\n","protected":false},"excerpt":{"rendered":"

Worldcoin (WLD), an AI token, is seeing heightened selling pressure as Alameda Research dumps millions to Binance. Sam Altman\u2019s AI-crypto project, Worldcoin, has been facing significant challenges recently, particularly due to large-scale token dumps by Alameda Research. On-chain data revealed on Wednesday that the market maker has continued selling substantial amounts of the AI token, […]<\/p>\n","protected":false},"author":56,"featured_media":95950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1670,18739],"class_list":["post-95942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alameda-research","tag-worldcoin-wld"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/Worldcoin-Falls-as-Alameda-Researchs-Massive-Dumps.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95942"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95950"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}