WLD Token Sales by Bankrupt Firms Expected to Continue for Three Years

Continuous Selling of WLD Tokens by Bankrupt Institutions

Recent reports from PANews indicate a significant trend in the cryptocurrency market regarding two bankrupt institutions that invested heavily in WLD tokens. Since the start of the linear unlocking phase at the end of July, these institutions have been persistently selling their unlocked tokens, causing ripples in the market.

Key Players: Three Arrows Capital and Alameda

Among the notable institutions, Three Arrows Capital stands out. Acquiring a whopping 75 million WLD tokens through their investments, they have been gradually selling off these unlocked tokens. As of now, they have liquidated 2.538 million WLD tokens, which is equivalent to approximately $4.06 million.

On the other hand, Alameda had invested and received 25 million WLD tokens. Starting from early August, this institution initiated a weekly selling strategy, resulting in the sale of 1.129 million WLD tokens so far, translating to around $1.8 million.

Projected Timeline for Complete Liquidation

With the current rate of sales, it is projected that it may take these two institutions approximately three years to unlock fully and sell all their WLD tokens. This long-term selling approach highlights the cautious strategy employed by both entities as they maneuver through their bankruptcy proceedings while trying to mitigate losses.

Market Implications

This trend of continuous selling raises questions about the potential impact on the overall WLD token market. Investors are advised to monitor the situation closely, as the actions of these large holders could create volatility in token prices.

Conclusion

The selling behavior of Three Arrows Capital and Alameda highlights the challenges faced by bankrupt institutions in the cryptocurrency sector. As they continue to sell their WLD tokens, the long-term effects on the market and the strategy employed by other investors will be worth following.