Analyst: Suspected Multicoin Capital purchased approximately $29.06 million worth of WLD

According to on-chain analyst Yu Jin (@EmberCN), an address suspected to belong to Multicoin Capital, 0xf000, transferred 30 million USDC to the Worldcoin team wallet. Subsequently, this address received 60 million WLD tokens from the Worldcoin team wallet, valued at approximately 29.06 million USD.

This trading pattern suggests that a large over-the-counter (OTC) transaction may have occurred. The transaction took place within the last 24 hours, with the receipt of WLD tokens from the Worldcoin team wallet occurring about 7 hours ago.