Institution Sends $12.2 Million in Worldcoin (WLD), Aave (AAVE) to Exchanges

An institution invested in Aave and Worldcoin transferred $12.2 million in tokens to multiple crypto exchanges over the past day, while analyst 余烬 estimated it may have sold $45.38 million over two days.

The transfers comprised 16.1 million Worldcoin (WLD) worth $7.39 million and 35,000 Aave (AAVE) worth $4.81 million. The institution sent them to multiple centralized exchanges over the past day, with the activity timestamped at 8:40 p.m. ET Sunday, Oct. 25 (00:40 UTC Monday).

The possible sales 余烬 identified over two days included 35.1 million WLD valued at $17.06 million, 6,000 Ether (ETH) worth $14.4 million and 97,000 AAVE worth $13.92 million. The reported values total $45.38 million.

The transfers follow the institution's earlier $33.18 million move to centralized exchanges, which involved ETH, WLD and AAVE. The newer exchange deposits do not, by themselves, establish that the tokens were sold.