Whale Deposits 45.17 Million WLD With Exchanges Over Five Days
Key Facts
Lookonchain said a whale deposited 45.17 million WLD tokens, worth an estimated $21.4 million, with several exchanges over five days through October 29. Bitnxt reported the news, citing Lookonchain and quoting that the deposits totaled “45.17 million WLD worth about $21.4 million.” The moves place large quantities of the token on exchanges, where they may raise concerns about selling pressure. But they do not prove that the wallet owner executed sell trades, nor do they determine the effect on the price by themselves. The deposits came after a separate move by a foundation that had resumed activity after more than a year.
On October 24, a foundation transferred 19.74 million WLD worth $10.04 million, then deposited 19 million of them, worth $9.67 million, on centralized exchanges, according to a Phemex News report. The report said the foundation had resumed activity after more than a year and described the deposited tokens as most of the amount transferred. On the same day, CoinMarketCap reported that WLD had fallen 13% over 24 hours, attributing the decline mainly to the transfer of 19.7 million tokens to exchanges and concentrated heavy selling in derivatives. This is an explanation of the market move offered by the report; the token transfers alone do not prove that sales were executed. The foundation’s moves also included other assets, including AAVE.
According to Phemex News, the foundation transferred 156,690 AAVE tokens worth $22.86 million and deposited 62,000 of them, worth $9.12 million, on centralized exchanges. Lookonchain also reported on October 29 that 152,000 AAVE worth $21.3 million had been deposited with several exchanges over five days. These moves show that the wallet activity cited was not limited to WLD. EL7 data show WLD’s daily close at $0.4449 on October 26, then $0.3819 on October 29. The data recorded a close of $0.3714 on November 2; these are daily closing prices, not measurements of the intraday low.
The token had risen 10.16% on October 20 to $0.588, with 180.10 million tokens traded, according to Investing.com data. It then recorded a daily decline of 12.50% on October 29, with trading volume of 109.40 million tokens. The site’s data showed trading volume of 43.46 million WLD on November 2, a daily change of -3.24% and a recorded price of $0.379. These figures provide context for price and trading activity over the days cited, alongside EL7’s daily closes. On supply, the World Foundation said in April that the token unlock rate would fall 43% starting July 24, from about 5.1 million to about 2.9 million WLD a day.
The official tokenomics document states that team and investor tokens are subject to lockup periods, while tokens claimed by users are not locked. It also says that the introduction of community-category tokens into circulation depends on governance. According to the same document, tokens unlock daily and linearly over the specified periods. This schedule provides context for the mechanism governing token availability, but does not prove that the observed transfers were actually sold. Based on the available information, wallet deposits with exchanges remain distinct from confirmation that sell trades were executed.