Worldcoin team-linked wallet moves $20M in WLD, raising sell-off concerns

An address believed to belong to the Worldcoin (WLD) team transferred 75 million WLD, worth approximately $20 million, to another team-owned wallet last night, according to analysis from Onchainschool. The receiving wallet reportedly has a history of transferring WLD to exchanges. Onchainschool added that the last transfer from this address occurred a week ago, after which some of the tokens were deposited to Binance. This follows a similar event yesterday, when a Worldcoin team-affiliated address moved WLD worth about $26.17 million to a new address and subsequently deposited a portion to Binance. Deposits to exchanges are typically interpreted as preparation to sell.