Analysis: Three Arrows Capital and Alameda Need 3 Years to Sell Off Their WLD Holdings
Article is form Jinse
September 21, 2024
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WLD Token Holders Face Continued Selling Pressure from Three Arrows Capital and Alameda
According to Golden Finance, on-chain data analyst Yu Jin shared on social media that two institutions, both investors in WLD and now bankrupt and undergoing liquidation, are continuously selling their unlocked WLD tokens since the linear unlocking began in late July. Here's a breakdown:
- Three Arrows Capital: Received 75 million WLD tokens through investment. They have been selling unlocked WLD since late July, having sold a total of 2.538 million WLD (approximately $4.06 million) to date.
- Alameda: Received 25 million WLD tokens through investment. They have been selling WLD weekly since early August, having sold a total of 1.129 million WLD (approximately $1.8 million) to date.
Based on the current selling frequency and volume of these two institutions, it is estimated that it will take them approximately three years to fully unlock and sell their entire WLD holdings.
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