Worldcoin team deposits $4.86M in WLD to OKX – As price tests $0.45 support

Image: AMBCrypto
An address associated with the Worldcoin project team deposited a cumulative 10.5 million Worldcoin [WLD], worth $4.857 million, into OKX. Tracing the source of the funds, these tokens were transferred by the project's team three years ago. Just three days ago, another address linked to the team also transferred WLD tokens worth $1.6 million to exchanges. Usually, team inflows into exchanges are treated as short-term bearish signals. This is so because they increase the number of tokens available for sale. While not every deposit is sold immediately, project-linked transfers to exchanges can precede sales. In this case, if the deposits are sold, especially now that WLD is struggling, they could put significant pressure on WLD. How is the Worldcoin market now?
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