Based

Future

Worldcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/alameda-research-continues-selling-pressure-on-worldcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Alameda Research Continues Selling Pressure on Worldcoin</a><br></p>
<p style="text-align: justify">Worldcoin, a project that marries artificial intelligence with cryptocurrency, is experiencing notable challenges due to ongoing sales by Alameda Research. Recent blockchain data reveals that Alameda, a key player in the market, is actively offloading its holdings, leading to a close to 5% decline in the WLD <a href="https://en.bitcoinhaber.net/shiba-inu-faces-uphill-battle-despite-recent-gains" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>‘s price in a single day, sparking debates among cryptocurrency investors about the token’s viability.</p>
<h2 id="how-much-has-alameda-sold">How Much Has Alameda Sold?</h2>
<p style="text-align: justify">For the past two months, Alameda Research has reportedly sold 143,770 WLD tokens each week to <a href="https://en.bitcoinhaber.net/binance-bolsters-measures-against-insider-trading-and-enhances-security-policies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>. Spotonchain data indicates a cumulative sale of 1.56 million coins, valued at approximately $2.51 million, executed in ten separate transactions since early August. Based on the current sales trajectory, Alameda could take up to three years to fully liquidate its remaining 23.44 million tokens.</p>
<h2 id="what-impact-has-this-had-on-wld-prices">What Impact Has This Had on WLD Prices?</h2>
<p style="text-align: justify">In the past day, the WLD token’s value dropped significantly, reaching around $1.86, with fluctuations between $1.83 and $1.98. The continued pressure from Alameda has intensified concerns among investors, as reflected by a 10% reduction in the token’s futures open interest, now standing at $170.83 million.</p>
<p style="text-align: justify">The persistent sales from Alameda Research indicate a potential for further declines in WLD’s price. With the impending expiration of a three-year no-sale agreement for one of its assets in November, additional sales could create more downward pressure. Nonetheless, a recent analysis suggests that if Microsoft were to acquire OpenAI, led by Sam Altman, WLD could see a price increase of up to 400% due to heightened interest in AI-driven projects.</p>
<ul>
 <li>Alameda has sold over 1.56 million WLD tokens since August.</li>
 <li>The average selling price was $1.605, potentially leading to further price drops.</li>
 <li>WLD’s futures open interest decreased by 10%, indicating waning market confidence.</li>
 <li>Future price recovery may hinge on major investments and technological developments in AI.</li>
</ul>
<p style="text-align: justify">Investors are advised to monitor Worldcoin’s market behavior closely and consider broader cryptocurrency trends. With ongoing sales exerting pressure on prices, Worldcoin may need to rethink its market strategy to secure long-term value. Awareness of technological advancements and significant market dynamics will be crucial for stakeholders moving forward.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/alameda-research-continues-selling-pressure-on-worldcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Alameda Research Continues Selling Pressure on Worldcoin</a></h5>

Alameda Research Continues Selling Pressure on Worldcoin

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