{"id":139237,"date":"2024-10-10T10:00:54","date_gmt":"2024-10-10T07:00:54","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139237"},"modified":"2024-10-09T19:10:30","modified_gmt":"2024-10-09T16:10:30","slug":"worldcoin-faces-challenges-as-alameda-research-liquidates-holdings","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/worldcoin-faces-challenges-as-alameda-research-liquidates-holdings\/","title":{"rendered":"Worldcoin Faces Challenges as Alameda Research Liquidates Holdings"},"content":{"rendered":"

The altcoin currently shows a stark difference of over $17 billion between its market capitalization and its fully diluted valuation.<\/p>\n

After hitting a yearly low around $1.34, WLD<\/a><\/strong> has been attempting a recovery over the last three months, forming a potential inverted double bottom pattern.<\/p>\n

The Relative Strength Index (RSI) on the daily chart is also showing signs of divergence, indicating possible upward momentum. Additionally, WLD has moved past a long-term downward trend and is retesting its 50-day moving average, which may signal further price increases.<\/p>\n

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However, activity from Alameda Research, an arm of FTX, raises concerns. The firm has been liquidating its WLD assets as part of a broader strategy to return up to $16 billion to customers and creditors in stablecoins.<\/p>\n

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Alameda Research has been depositing 143,770 $WLD<\/a> (now $265K) to Binance weekly for the past 2 months!<\/p>\n

Since August 9, they\u2019ve deposited 1.56M $WLD<\/a> ($2.51M) to #Binance<\/a> in 10 batches at an average price of $1.605, leaving 23.44M $WLD<\/a> ($43M) remaining. At this rate, it could take\u2026 https:\/\/t.co\/k0qLuZiGr9<\/a> pic.twitter.com\/jqgzCBylWO<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) October 9, 2024<\/a><\/p><\/blockquote>\n