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FTX/Alameda Nearly Sells Out Of 25 Million WLD Holdings

FTX/Alameda is close to offloading its entire allocation of 25 million WLD tokens. Over the past few weeks, the entity’s wallet transferred a total of 21.856 million WLD tokens—valued at $58.77 million—to five BitGo custodial wallets. These transactions are believed to be over-the-counter (OTC) sales to major investors or institutions. FTX/Alameda 手上的 2500 万枚 WLD 卖的差不多了。 FTX/Alameda 地址在今天和 半个月前，一共向 5 个 BitGo 托管钱包转移了 2185.6 万枚 WLD ($58.77M)。这很可能是通过 OTC 的方式出售给了一些大投资者或机构。 再加上他们从 8 月份以来以每周一笔的频率一共向币安转移了 280.9 万枚 WLD。… pic.twitter.com/ohOClqunQR — 余烬 (@EmberCN) December 19, 2024 Additionally, since August, FTX/Alameda has transferred 2.809 million WLD to Binance, completing one transaction per week on average. Now, only 334,000 WLD tokens, worth approximately $800,000, remain from the original investment. Market trends indicate that Smart Dex Traders (SDTs) exited their positions at an average price of $3.8. While some investors have repurchased tokens, the majority have not returned to the market. Whale activity shows a mixed outlook, with some exiting at $3.9, while others with a mid-term perspective are starting to accumulate. However, at today’s price of $2.4, there has been no significant buying activity. Quick Catchup on $WLD Figure 1: Smart Dex Traders (SDTs) sold at $3.8. Some investors have returned to buy, but overall, most have not come back yet. If you’re trading short-term, you might want to keep an eye on the SDTs. Figure 2: Some Whales exited the market at $3.9. A… pic.twitter.com/A4IFWDlIKm — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) December 19, 2024 Meanwhile, technical analysis suggests potential opportunities in the broader market. According to analyst Ali Martinez, the TD Sequential indicator has flashed buy signals for several assets, including XRP, Solana ($SOL), Maker ($MKR), and Worldcoin ($WLD), on their 4-hour charts. The TD Sequential indicator presents buy signals on the $XRP , #Solana $SOL , #Maker $MKR , and #Worldcoin $WLD 4-hour charts! pic.twitter.com/2MO4Ic1DET — Ali (@ali_charts) December 19, 2024 The dwindling supply of WLD in FTX/Alameda’s holdings, combined with current market activity, reflects a cautious sentiment among investors. While some are positioning for the long term, the overall market appears hesitant to take new risks at the current price levels. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: nexusplexus/ 123RF // Image Effects by Colorcinch BitcoinSistemi

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NFT Gaming Project CyberKongz Receives Wells Notice from SEC

CyberKongz, a gaming-based NFT project, announced on December 16 that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice raises concerns about the platform’s integration of its ERC-20 token with blockchain games and questions aspects of its activities, including its 2021 contract migration. The SEC’s Argument In a post on X, the CyberKongz team expressed their dismay with the agency’s handling of the situation, saying: “We are extremely disappointed at the approach the SEC has taken towards us, but we are going to stand up and fight for a brighter future that holds more clarity for NFT projects.” They disclosed that the issue began two years ago when the regulator first contacted them, during which time they operated quietly and under a lot of pressure. The post highlighted that the SEC’s main concern appears to center on whether ERC-20 tokens can function alongside blockchain games without being classified as securities. CyberKongz argued that this implication could have wide-ranging consequences for the Web3 gaming industry. They also said they are determined to contest the financial watchdog’s position and advocate for a clearer regulatory framework. Another point of contention involves the Genesis Kongz contract migration in April 2021, which the regulator reportedly interpreted as a token sale. The NFT project clarified that the migration was not a primary sale and criticized the SEC’s inability to differentiate between the two, stating: “If they cannot distinguish between a primary sale and a contract migration, what hope do we currently have for a clear regulatory pathway going forward?” The Wells Notice gives the platform 30 days to respond before the SEC decides whether to pursue enforcement action. While not a formal allegation of wrongdoing, such a notice shows that the agency is considering further legal steps. Broader Industry Issue This latest development adds CyberKongz to a growing list of blockchain and NFT entities under SEC scrutiny, including Coinbase, Consensys, Ripple, OpenSea, Uniswap Labs , and Bittrex , which have faced similar notices in recent years. Last month, Australian-based gaming company Immutable also reported receiving such a warning. At the time, they expressed frustrations over vague allegations and unclear regulatory guidelines. However, no further action has been taken since then. Meanwhile, CyberKongz has reassured its community that it remains committed to advancing its work without the burden of silence. It stated that the situation marks a turning point as it continues to advocate for clearer guidelines within the NFT and blockchain industries. The post NFT Gaming Project CyberKongz Receives Wells Notice from SEC appeared first on CryptoPotato . BitcoinSistemi