A wallet that previously acquired 53.03 million WLD for $50 million USDC has transferred 29.57 million WLD, valued at $56.19 million, to an institutional platform, potentially signaling preparation for a centralized exchange sale. The tokens were purchased at $0.94, and with WLD now trading at $1.90, the holder’s unrealized profit stands at about $50.9 million. This transaction follows liquidation-related sales by Teneo, which moved 2.25 million WLD worth $2.88 million from Three Arrows Capital’s holdings, leaving 52.47 million WLD valued at $101 million still in its wallet.