2025-12-25 00:44:36

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.

WLD2.87%

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governance_lurker

· 6h ago

Worldcoin, what kind of trick is this again? The team is directly doing OTC? Isn't this clearly insider trading? 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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FlashLoanLarry

· 6h ago

ngl the 7-hour settlement window here screams someone did their homework on opportunity cost... multicoin paying 30m for 60m wld at those basis points? capital utilization thesis checks out but that direct team wallet involvement is kinda sus ngl. just saying, institutional players usually hedge their exposure better than this lol

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TopEscapeArtist

· 6h ago

Wait a minute, I checked the technical aspect, and this time difference is just too outrageous... Settlement completed within 7 hours? There must be an agreement, otherwise how could it be so coordinated? To put it simply, institutional investors are bottom-fishing or the project team is cashing out, with bearish signals at full blast.

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BlockDetective

· 6h ago

This is the real institutional play, getting hundreds of millions in transactions done in 7 hours, retail investors are still watching the market. --- Multicoin's move, swapping 30 million USDC for 60 million WLD, the accounting is really slick. --- The most outrageous thing is the project team directly handling the token transfer, the transparency... emm. --- Wait, is this the round of financing? The on-chain data is so obvious, they really want to hide it. --- 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? --- It's Multicoin again, this institution's intuition is really sharp, they always hit the right rhythm. --- Completing the settlement within 7 hours indicates they had negotiated long ago, on-chain is just a formality. --- The project team participating in OTC token transfers is a bit awkward, don't they all work with market makers? --- Calculating this deal, Multicoin's cost must be significantly lower than the market price, otherwise why specifically do OTC? --- Why does it feel like the WLD team is just boosting their own value with this operation?

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