Worldcoin, a cryptocurrency project co-created by OpenAI CEO Sam Altman, received a lot of attention after it was officially launched at the end of July, and the currency price once exceeded $3.
It is worth noting that at that time, Worldcoin lent a total of 100 million WLD to 5 market makers to provide liquidity, and stipulated that after 3 months, the loaned tokens must be "returned" or "with a price of 2 to 3.12 US dollars." Buy it at the price.”
Now there are only more than 3 days left before the expiration (October 22). What is the current currency holding status of these five market makers on the chain? Will it affect the currency price?
5 market makers hold a total of 40.39 million WLD on the chain
According to on-chain analyst Ember Monitoring, since October 1, Wintermute, Flow Traders and GSR Markets among Worldcoin’s five market makers have withdrawn a total of 4.67 million WLD from CEX (centralized exchange) to the chain. However, as of October 18, the five market makers only held a total of 40.39 million WLD on the chain, less than half of the amount lent.
As of October 18, the currency holdings on the chain of the five market makers are as follows:
Wintermute: holds 14,441,717 WLD, with an initial allocation of 28 million.
Amber Group: holds 4,500,001 WLD, with an initial allocation of 24 million.
Flow Traders: Holds 9,507,510 WLD, with an initial allocation of 24 million.
Auros Global: holds 499,885 WLD, with an initial allocation of 12 million.
GSR Markets: holds 11,447,938 WLD, with an initial allocation of 12 million
The market maker currently holding the closest amount to the borrowed amount on the chain is GSR Markets, while the one with the largest disparity is Amber Group.
Will the market maker buy at a premium when the period expires? Maybe it's not that simple
From the above analysis, we can know that the WLD currently held by the five market makers on the chain is less than half of what was originally borrowed. If the agreed date arrives on October 22, it may be necessary to pay 2~3.12 higher than the current market price. Buying at the US dollar price may bring a new wave of upward momentum to WLD.
However, Dongzhong would like to remind investors that currently we do not have a clear idea of the tokens held by these five market makers in centralized exchanges, or whether they have other tokens stored in other wallets? Therefore, it is impossible to accurately judge that they need to buy a large amount of coins to collect the borrowed tokens. Please be careful before investing.
According to Coingecko data, WLD is trading at $1.43 at the time of writing, a sharp drop of 11.4% in the past 24 hours. All gains this week have been given back, and there is a considerable gap from $2 to $3.12. The fluctuations may be more severe in recent days.
