WLD Price At Risk As FTX Plans To Sell 22.3 Million Worldcoin Tokens

Quick Summary:

WLD price fell over 2% when it was reported that the FTX estate was preparing to auction 22.3 million locked Worldcoin WLD tokens, valued at roughly $37.7 million, at a discount.

Allegedly, this would be part of the recovery efforts that the estate had been trying to pursue for its creditors.

The FTX estate, earlier this year, sold its Solana and Metaplex tokens’ stock before now selling its stake in Worldcoin.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatiaPoland

Topics: WLD Worldcoin 24/7 Cryptocurrency News Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 18:24:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22852778

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