🚨NEWS IN: TENEO SELLS 2.25M $WLD WITH 52.47M STILL AWAITING SELL🔥🔥🚨
September 9th: As Worldcoin (WLD) experiences a staggering 55% price surge today, on-chain data reveals that savvy "smart money" and institutional players are already capitalizing on the gains. According to monitoring by spotonchain, a significant sell-off has begun.
Approximately 18 hours ago, Teneo—the official liquidation agent for the defunct fund Three Arrows Capital (3AC)—initiated a major distribution. They deposited a substantial 2.25 million WLD (worth ~$2.88 million) across major cryptocurrency exchanges Binance, OKX, and Bybit.
This move is part of a larger trend for the entity. Teneo's liquidation wallet originally received a massive 75 million WLD allocation two years ago. Since July 2024, they have been steadily offloading their position and have now sold roughly 30% of their original holdings.
Despite this recent sell-off, Teneo remains one of the largest holders of the token. Their remaining balance is a formidable 52.47 million WLD, valued at approximately $101 million. This activity provides a clear window into how large institutional holders often use sharp price rallies to take profits, potentially creating selling pressure in the market.
Source: Lookonchain
Discl.: NOT financial advice, DYOR.
