Alameda Research has transferred 698,312 WLD to Binance since August, continuing its payment process to creditors. Among the company’s major assets are 98.86 million BIT (now called MNT) and 24.3 million WLD. BIT sales are expected to start in November. WLD transfers accelerated after a New York judge’s $12.7 billion payment order.
Company Focuses on WLD Transfers
One of the developments attracting attention in the crypto world is Alameda Research’s WLD transfers since August. The company has sent a total of 698,312 WLD to Binance since August 9. The transfers are considered part of the company’s strategy to expedite the payment process to creditors. Following the first transfer, the subsequent four smaller batches indicate a value of $1.13 million.
Currently, Alameda Research’s portfolio includes two significant assets: 98.86 million BIT and 24.3 million WLD. The total value of BIT assets is approximately $78.8 million, while WLD assets are valued around $36.2 million. WLD sales have started, but attention is now on BIT sales. The company is expected to start these sales in November. Such a move could create new waves in the crypto market.
First WLD Transfer Occurred on August 9
The first WLD transfer on August 9 came after a New York judge’s decision for FTX and Alameda Research to pay their $12.7 billion debts. The development indicates that the company will take aggressive steps to provide liquidity in the crypto market. Especially large BIT sales could cause significant price movements in the market.
Alameda Research’s actions are seen not only as a debt payment strategy but also as a significant development that could steer the market. The company’s asset management and debt payment strategy in the crypto market will continue to be closely monitored. The continuation of WLD transfers and the start of BIT sales in November could be a critical period for crypto investors. The process includes liquidity fluctuations and price movements in the market, presenting both opportunities and risks for investors.
