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Teneo Sells 2.25 Million WLD Tokens for $2.88 Million from Three Arrows Capital Liquidation

Teneo Sells 2.25 Million WLD Tokens for $2.88 Million from Three Arrows Capital Liquidation

Large-scale WLD movements now include a 29.57M transfer to an institutional platform, adding to liquidation-driven sales and reflecting heightened activity in token distribution.

WLD

Fact Check
Multiple sources confirm that Teneo, the liquidator for Three Arrows Capital, sold 2.25 million WLD tokens. Specifically, source 7 and source 14 corroborate the quantity of 2.25 million WLD sold. Source 14 further specifies the sale amount was $2.88 million. While another source (8) reports a different value of 'about $4 million', the strong, specific corroboration for the figures in the statement makes it highly credible.
    Reference: 1
Summary

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.

Terms & Concepts
  • WLD Tokens: A digital token associated with the Worldcoin project, actively traded and held by institutional investors and liquidation entities.
  • CEX (Centralized Exchange): A cryptocurrency exchange operated by a centralized entity where users can trade digital assets.