Institutions Dump WLD Token After 55% Price Surge
Smart money is offloading WLD tokens after a 55% surge, with 3AC-linked wallets moving millions to exchanges.
- Teneo 3AC moved 2.25M WLD to major exchanges
- 30% of 3AC’s original 75M WLD has now been sold
- Institutions may be capitalizing on the recent price spike
After a sharp 55% rally in WLD token price, institutional wallets and smart money are starting to offload their holdings. One of the most notable moves came from a wallet linked to Teneo, the liquidator of the defunct Three Arrows Capital (3AC), which transferred a significant chunk of WLD to centralized exchanges.
Approximately 2.25 million WLD tokens, worth $2.88 million at the time of transfer, were sent to Binance, OKX, and Bybit. These transfers occurred about 18 hours ago and suggest a strategic move to sell into strength. Despite this, the liquidation wallet still holds a massive 52.47 million WLD—valued at over $101 million.
3AC’s WLD Holdings: A Gradual Sell-Off Strategy
Back in 2023, the 3AC liquidation wallet received 75 million WLD tokens. Since July 2024, nearly 30% of that initial amount has been sold, indicating a methodical and patient exit strategy.
This move aligns with typical behavior from institutional players, who often use market rallies to liquidate assets at favorable prices. The recent price surge offered an opportune moment to reduce exposure while maximizing returns.
Market Implications and What’s Next for WLD
While the sell-off by a major holder could raise short-term concerns about price pressure, it also reflects a broader trend of profit-taking during market highs. For WLD holders and traders, this development signals caution but not necessarily long-term bearishness.
If demand continues to grow, especially from retail investors or new institutional interest, the price may remain stable or even rise despite the current selling pressure. However, large transfers to exchanges often precede sell orders, so short-term volatility is expected.
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