For the past two months, Alameda Research has been depositing 143,770 $WLD (currently worth $265,000) to Binance every week.
Since August 9th, the company has transferred a total of $1.56 million WLD (equivalent to approximately $2.51 million) in 10 separate transactions, with an average price of $1.605 per token.
Despite these fixed deposits, Alameda still has a huge amount of assets of $23.44 million (equivalent to about $43 million). At this pace, it could take more than three years to completely liquidate the holdings.
Alameda Research has deposited $143,770 $WLD I have been paying (currently $265,000) to Binance every week for the past 2 months!
Since August 9th, they have deposited 1.56 million $WLD (from $2.51 million) #Binance 10 batches, average price $1.605, remaining 23.44 million $WLD ($43 million) remains. As it is… https://t.co/k0qLuZiGr9 pic.twitter.com/jqgzCBylWO
— Spotonchain (@spotonchain) October 9, 2024
Alameda owns over $68 million worth millions of dollars
Alameda’s remaining largest position is 98.86 million $BIT tokens (now rebranded to $MNT), with a current value of $68 million. Notably, this large holding will be available for sale in November when the three-year non-sale agreement with BitDAO ends.
Meanwhile, World Coin, which has seen a significant increase in value recently, is benefiting from OpenAI’s ongoing global expansion. The company, led by Sam Altman, is preparing to open new offices in key locations including the US, France and Asia, reflecting its ambitious growth plans.
As OpenAI continues to expand globally, #World Coin We are seeing a significant price increase.#sam altmanThe company plans to open new offices in the US, France and Asia to highlight its growth strategy.
intention $WLD Will the price reach $37?👇https://t.co/WYFTjyElA2#Coinpedia… pic.twitter.com/kHN8agwsUg
— Coinpedia (@CoinpediaNews) October 9, 2024
As OpenAI expands its business and WorldCoin gains momentum, market observers will be keeping an eye on Alameda Research’s future moves regarding both the $WLD and $BIT tokens.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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Image source: fotographic/123RF // Image effect by Colorcinch
