Institutional Sell-Off of WLD Token After 55% Price Increase

Institutional investors are selling their holdings in the WLD token following a significant price surge of over 55%. A major holder, linked to the defunct firm Three Arrows Capital (3AC), moved approximately 2.25 million WLD tokens worth $2.88 million to major cryptocurrency exchanges. This move suggests they’re taking profits during a market rally. Despite this, 3AC’s liquidation wallet still holds a substantial amount of WLD – over 52.47 million tokens valued at $101 million. This withdrawal strategy aligns with typical institutional behavior, where they use favorable market conditions to exit holdings and secure gains.