Multicoin Capital Wallet Receives $30M in Worldcoin Tokens After USDC Transfer

Multicoin Capital Wallet Receives $30M in Worldcoin Tokens After USDC Transfer

On-chain data shows a Multicoin Capital-linked wallet purchased 60 million WLD in an OTC deal for $30 million USDC, pricing each token around $0.50.

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Fact Check
The assessment is primarily based on one highly relevant and direct piece of evidence. A crypto news feed from Bitget explicitly reports on a "Worldcoin OTC Deal" involving "Multicoin Capital's Bold $30 Million Bet on WLD." This directly supports the core components of the statement: the involvement of Multicoin Capital, the reception of Worldcoin (WLD) tokens, and a transaction of a very similar value. The minor discrepancy between the reported $30 million and the stated $29 million is negligible and common in reporting on volatile asset transactions. Another source provides supporting context by establishing that Multicoin Capital is a known backer of Worldcoin, which lends plausibility to such a significant transaction occurring between them. The remaining sources provided are either irrelevant to the specific claim, being general homepages, articles on unrelated topics, or price pages discussing different events. There is no evidence that contradicts the statement. The presence of a strong, direct source, combined with the lack of any conflicting information, makes the statement highly likely to be true.
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Summary

On Dec. 24, a wallet linked to Multicoin Capital acquired 60 million WLD tokens through an over-the-counter transaction with the Worldcoin team. Blockchain data from Lookonchain revealed the wallet sent $30 million USDC before receiving the tokens, valuing each WLD at approximately $0.50. Multicoin Capital has previously invested in projects like Solana and Avalanche.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for transactions and trading in the crypto market.
  • WLD: The native cryptocurrency of the Worldcoin project, used within its ecosystem.
  • Worldcoin: A blockchain-based identity and token project aiming to create a universal digital ID system.