Worldcoin is trading at $1.82, with a 35% volume decrease and a drop of 6.4% in the last 24 hours. Technical analysis shows a bearish rising wedge pattern emerging. Worldcoin focuses on Asia and Latin America amidst regulatory challenges in Europe.
Alameda Research’s Continued Selloffs
With a consistent selloff of Worldcoin tokens in Alameda Research’s wallet, AMCryptoAlex says they’ve been depositing 143,770 WLD weekly to Binance for the past two months. He is concerned about whether Alameda plans to liquidate all of its WLD holdings.
The crypto community has been watching this move, as selling pressure continues to dominate, which could affect WLD’s market performance.
Source: X
This data backs these concerns as it shows that Alameda Research currently holds 23.439 million WLD tokens worth $43.128 million. Secondly, recent transactions show constant deposits of about $264.5K in WLD to Binance weekly.
As Alameda owns a good amount of the token, their constan
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