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Cryptocurrency News Articles

Worldcoin (WLD) Deposited Into Exchanges

Oct 31, 2024 at 02:02 pm

Meanwhile, Alameda Research has been actively depositing Worldcoin tokens (WLD) on exchanges. Just five hours ago, they moved 143,770 WLD (worth approximately

Worldcoin (WLD) Deposited Into Exchanges

CryptoSlate recently reported that Alameda Research, a quantitative cryptocurrency trading firm, has been observed depositing Worldcoin tokens (WLD) on exchanges in small increments.

According to Spot On Chain, Alameda deposited 143,770 WLD ($297,600) into a centralized exchange (CEX) five hours ago. The firm began depositing WLD tokens on CEXs as early as Aug. 9, with Binance being the recipient of these deposits.

Based on Alameda’s current deposition rate and the remaining WLD balance, it would take the firm over three years to fully liquidate its remaining WLD holdings, which are valued at around $47.6 million at the time of writing.

Worldcoin recently announced its rebranding to “World” and the launch of the World Chain, a Layer 2 network powered by the OP Stack toolkit. With the mainnet now live, World ID holders can enjoy rapid transaction speeds, lower fees, and heightened security.

Worldcoin’s latest developments and the launch of the World Chain mark a significant step toward secure, user-centric digital identities in the evolving Web3 landscape.

Original source:themerkle

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