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A major OTC transaction appears to be underway involving a leading crypto fund. According to on-chain data, the address marked as 0xf000 (suspected to be a wallet under Multicoin Capital) transferred 30 million USDC to the Worldcoin team address the day before yesterday. Just 7 hours after the transfer, this address received 60 million WLD tokens from the Worldcoin team wallet, which was approximately $29.06 million at the time.
The timing and amount of this transaction are quite clearly correlated—the institution first paid USDC and then received an equivalent amount of WLD. While we do not know the specific terms involved, based on the transaction scale and the identities of both parties, this is likely an over-the-counter (OTC) deal negotiated between the two sides. Interestingly, as a Web3 project team, the Worldcoin team itself participated directly in such large token transfers, which is noteworthy for the community.
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The Worldcoin team doing this themselves, aren't they worried about the community exploding?
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30 million into 60 million out, that spread... is a bit outrageous, right?
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Wait, is the project team directly involved in OTC? Is this compliant, guys?
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Once again, institutions are bottoming out, retail investors just have to HODL to death.
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On-chain data is so transparent, yet they still dare to play like this. Not afraid at all.
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Did Worldcoin sell off its dominance?
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Done in 7 hours, which means they must have negotiated long ago. Nothing suspicious about it.
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Isn't this just fundraising? Why the secrecy?
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Oh my God, 30 million USDC exchanged for 60 million WLD. Multicoin's pricing power is just too strong.
Multicoin's move is quite aggressive; they made a quick 7-hour flash trade to profit from the price difference.
Wait, does this time difference indicate that the WLD price has been manipulated? How blatant can it get?
This is the typical collusion between institutions and project teams; ordinary people have no chance.
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Multicoin's move, swapping 30 million USDC for 60 million WLD, the accounting is really slick.
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The most outrageous thing is the project team directly handling the token transfer, the transparency... emm.
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Wait, is this the round of financing? The on-chain data is so obvious, they really want to hide it.
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The valuation of WLD in this wave is interesting, why is the price at which institutions are taking over so different from the secondary market?
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It's Multicoin again, this institution's intuition is really sharp, they always hit the right rhythm.
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Completing the settlement within 7 hours indicates they had negotiated long ago, on-chain is just a formality.
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The project team participating in OTC token transfers is a bit awkward, don't they all work with market makers?
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Calculating this deal, Multicoin's cost must be significantly lower than the market price, otherwise why specifically do OTC?
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Why does it feel like the WLD team is just boosting their own value with this operation?