On September 21, acclaimed on-chain data analyst Yu Jin revealed on social media that the linear unlocking of WLD token shares for investors had commenced at the end of July. Two bankrupt institutions, which are also WLD investors, have since begun liquidating their unlocked WLD holdings. Specifically, Three Arrows Capital had initially acquired 75 million WLD through their investments and has been actively offloading these tokens since late July. To date, a substantial 2.538 million WLD, equivalent to approximately 4.06 million US dollars, has been sold.
Similarly, Alameda procured 25 million WLD and has been selling tokens on a weekly basis since early August. To date, they have sold around 1.129 million WLD, translating to roughly 1.8 million US dollars.
If these agencies continue with their current sales velocity and volume, projections suggest it will take approximately three years for all their WLD tokens to be fully unlocked and sold.
Source: https://en.coinotag.com/breakingnews/bankrupt-institutions-three-arrows-capital-and-alameda-continue-to-sell-unlocked-wld-tokens/