WLD Price Drops as Bankrupt 3AC and Alameda Liquidate Their Worldcoin Holdings

Quick Summary:

The ongoing Worldcoin (WLD) token sell-off by bankrupt institutions Three Arrows Capital (3AC) and Alameda Research is worrying investors.

These institutions have been steadily selling their unlocked tokens since July, leading to downward pressure on WLD’s price.

Three Arrows Capital, a now-bankrupt hedge fund, holds 75 million WLD tokens and has been unloading its holdings […]

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: News Cryptocurrency Market Worldcoin (WLD) Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 13:00:00 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 159 words

Reading Time: 1 minutes read

Sentences: 50 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 22631359

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 2 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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