Worldcoin-linked address transfers out 9.57 million WLD after three-year dormancy, with 6.5 million deposited to exchanges

According to TechFlow, on Oct. 29, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0xEa3...Fef6A had received 9.57 million WLD transferred by the Worldcoin team three years ago, worth about $14.45 million at the time. After being dormant for three years, the address transferred out all of the tokens four hours ago and deposited 6.5 million of them to multiple exchanges via an intermediate address, worth about $2.828 million. Since first receiving the tokens, the value of this WLD holding has fallen by 71.2% (the unit price dropped from $1.51 to $0.4351), and WLD has declined by about 26.41% over the past week.

Source: TechFlow