Alameda Research, a cryptocurrency trading firm, has been consistently depositing $WLD tokens to centralized exchanges (CEXs) since August 9.

In four small batches, they have offloaded 698,312 $WLD tokens, valued at $1.13M, to Binance at an average price of $1.622. This move is likely an effort to repay creditors amidst financial difficulties.

Currently, Alameda Research’s top holdings include 98.86M $BIT ($78.8M) and 24.3M $WLD ($36.2M). While the $WLD unloading has begun, speculation suggests that $BIT (now rebranded as $MNT) sales may commence in November.

Alameda Research still consistently deposits $WLD to CEX.

Since Aug 9, they have deposited 698,312 $WLD ($1.13M) in 4 small batches to #Binance at ~$1.622, likely to repay creditors.

Currently, their top holdings are 98.86M $BIT ($78.8M) and 24.3M $WLD ($36.2M). While $WLD… https://t.co/Ic5FhnRu6U pic.twitter.com/o5VA4rXRcB

— Spot On Chain (@spotonchain) August 28, 2024

In a recent social media post, Ethereum co-founder Vitalik Buterin shared his thoughts on Worldcoin’s proof-of-personhood mechanism. Buterin acknowledged its potential but emphasized the need for supplementary proofs of community membership.

He argued that token issuers seek to reward individuals aligned with their community, rather than arbitrary humans. This insight highlights the importance of community-focused token distribution strategies. As Alameda Research navigates its financial challenges, the cryptocurrency community watches with bated breath, wondering what’s next for the embattled firm.

Worldcoin can handle the proof-of-personhood piece, which is good, but I think it needs to be supplemented with proofs of community membership. Nobody actually wants to give out a token to arbitrary humans, people want to give tokens to people who are aligned with their…

— vitalik.eth (@VitalikButerin) August 28, 2024

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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