What’s the Remaining Balance in Their Wallet?

Tech

Whats the Remaining Balance in Their Wallet？

• Alameda Research transfers 143,770 WLD to Binance, continuing its asset management strategy.
• Alameda holds 24.01M WLD tokens, making WLD its second-largest crypto holding after BIT.
• Worldcoin under regulatory scrutiny as MAS investigates unlicensed Worldcoin services in Singapore.

Alameda Research moved 143,770 Worldcoin (WLD) tokens, worth roughly $212,780, to Binance, marking a notable transaction in its ongoing asset management.

The transfer, which took place within the last 8 hours, originated from Alamedas consolidation wallet and was sent to a Binance wallet.

This move is part of a larger trend, with Alameda having deposited 985,852 WLD tokens, totaling $1.54 million, to Binance since August 9, 2024.

Strategic Transfers Continue

As reported by analytics platform SpotOnChain, Alameda has made these deposits in six small batches, with an average price of $1.56 per token. The deposits are likely intended to repay creditors.

Even with the recent transfer, Alameda still has a sizable balance of 24.01 million WLD tokens, worth $33.38 million. These transfers follow a period of increased trading activity, especially in August and September 2024, when Alameda made several large transfers, including 205,387 WLD and 143,770 WLD, on multiple occasions.

A look at Alamedas portfolio shows its top five crypto holdings. The biggest chunk of its assets is in BIT, with 98.861 million tokens valued at $70.37 million.

WLD is the second-largest holding, with 24.014 million tokens, followed by STG, WETH, and FTT. These holdings underscore Alamedas significant presence in the crypto market, with BIT and WLD representing key assets.

Regulatory Scrutiny and Market Impact

This transaction happens as Worldcoin is facing scrutiny from regulatory authorities. The Monetary Authority of Singapore (MAS) recently started an investigation into seven individuals accused of offering unlicensed Worldcoin services.

The investigation, which might be tied to money laundering or terrorism financing, has drawn more attention to Worldcoin. However, the Worldcoin Foundation has denied any connection to the suspects, emphasizing its compliance with Singaporean and international laws.