Future

Worldcoin

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/worldcoin-faces-pressure-from-alameda-researchs-sustained-sales/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Worldcoin Faces Pressure from Alameda Research’s Sustained Sales</a><br></p>
<p style="text-align: justify">Sam Altman’s AI and crypto integration project, Worldcoin, is currently experiencing significant pressure due to large-scale sales by Alameda Research. Recent on-chain data indicates that the market maker of the AI token continues to sell consistently. This situation has led to a nearly 5% drop in the WLD price on a daily basis, prompting discussions among crypto enthusiasts regarding the potential future of the token in light of current market statistics and selling pressures.</p>
<h2 id="continuous-sales-by-alameda-research">Continuous Sales by Alameda Research</h2>
<p style="text-align: justify">Worldcoin is under unprecedented selling pressure as Alameda Research has reportedly sold 143,770 WLD weekly to <a href="https://en.coin-turk.com/binance-futures-expands-with-new-perpetual-contracts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> for two months. According to Spotonchain data, the company has executed a total sale of 1.56 million coins, valued at $2.51 million, in ten batches since August 9. The average selling price for these transactions was $1.605, indicating that at the current rate of sales, it could take the market maker three years to liquidate its remaining 23.44 million coins.</p>
<h2 id="notable-decline-in-wld-price">Notable Decline in WLD Price</h2>
<p style="text-align: justify">In the last 24 hours, the price of Worldcoin has fallen nearly 5%, reaching levels around $1.86. The coin recorded a daily low of $1.83 and a high of $1.98. Ongoing sales by the market maker have reinforced the downward trend of the AI token, raising investor concerns. According to Coinglass data, the token’s futures open interest decreased by 10%, dropping to $170.83 million.</p>
<h2 id="future-expectations-and-analysis">Future Expectations and Analysis</h2>
<p style="text-align: justify">Alameda Research’s large-scale sales signal that WLD’s price could decline further. Moreover, with the expiration of the company’s three-year no-sale commitment for one of its major assets, MNT, in November, additional selling pressure may arise. These developments suggest that WLD is part of a broader downward trend in the market.</p>
<p style="text-align: justify">However, a recent price analysis by CoinGape predicts that the <a href="https://en.coin-turk.com/embracing-a-bright-future-in-the-altcoin-market-michael-van-de-poppes-optimistic-outlook/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> could experience a surge of up to 400% if Microsoft acquires OpenAI. OpenAI, led by Sam Altman, is a prominent AI firm, and potential steps by Microsoft in this direction could positively influence WLD.</p>
<p style="text-align: justify">The future of Worldcoin and the WLD token continues to evolve based on factors such as market makers’ selling strategies and significant companies’ investments in AI. Investors are closely monitoring how these dynamics affect price movements of the token.</p>
<p style="text-align: justify">Market analysts predict that given the current selling intensity and declining demand, WLD may face further short-term depreciation. However, in the long run, technological advancements and interest from large investors might contribute to a recovery in the token’s value.</p>
<p style="text-align: justify">As investors track Worldcoin’s market movements, they should also consider broader <a href="https://en.coin-turk.com/global-internet-outage-highlights-cryptocurrency-sectors-stability/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> trends and manage risks accordingly. Worldcoin must reassess its market strategies to achieve lasting value gains, as the impact of significant sales may shape price dynamics in the long term. Investors should keep an eye on technological developments and market trends.</p>
<p>The post <a href="https://en.coin-turk.com/worldcoin-faces-pressure-from-alameda-researchs-sustained-sales/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Worldcoin Faces Pressure from Alameda Research’s Sustained Sales</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Worldcoin Faces Pressure from Alameda Research’s Sustained Sales

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