WorldCoin Team Moves 30 Million WLD to BitGo Custody Wallet

According to Onchain Lens, the transfer was worth about $8.17 million, and the receiving BitGo custody wallet now holds 153.65 million WLD valued at roughly $41.35 million.

WLD

Summary

The WorldCoin team transferred 30 million WLD to a BitGo custody wallet, according to blockchain tracking account Onchain Lens. The transaction was valued at about $8.17 million based on the figures cited in the source. Onchain Lens said the BitGo wallet now contains 153.65 million WLD worth around $41.35 million. A custody wallet is typically used to securely hold digital assets on behalf of an owner or institution rather than for active trading.

Terms & Concepts
  • Custody wallet: A wallet used to securely hold digital assets, often managed by a third party for safekeeping rather than frequent transactions.
  • On-chain: Activity recorded directly on a blockchain, allowing transfers and wallet balances to be publicly tracked.
  • WLD: The token associated with WorldCoin, a cryptocurrency project whose token movements can be monitored through blockchain data.