Date: Friday, August 09, 2024, 06:53 AM GMT
The cryptocurrency market is showing signs of recovery after a turbulent period, with Bitcoin bouncing back to $60,000. This positive sentiment is spilling over to other major cryptocurrencies, including Worldcoin (WLD), which has seen a 7.2% increase in the last 24 hours, trading at $1.76.
Meanwhile, Alameda Research, a well-known cryptocurrency trading firm, has begun moving its Worldcoin holdings to centralized exchanges (CEX). According to data from Spot On Chain, the firm transferred 205,387 WLD tokens, valued at approximately $352,000, to Binance 14 hours ago. This move comes after Alameda vested these tokens from Worldcoin over a year ago.
This deposit is particularly interesting because it follows a significant court order. On August 7th, a New York judge ruled that FTX and Alameda Research must pay $12.7 billion to creditors, a decision that has undoubtedly impacted the firm’s financial strategies.
Despite this large transfer, Alameda Research still holds a substantial amount of Worldcoin, with 24.8 million WLD tokens valued at $45.6 million.
As the market continues to recover, the community will be watching closely to see how these developments affect both Worldcoin’s price and Alameda Research’s position in the market.