Three years ago, the Worldcoin team's associated address 0xEa3…Fef6A received a massive transfer of 9.57 million WLD, valued at approximately 14.45 million dollars at the market price at that time, according to on-chain analyst monitoring. Since then, this address has almost never moved chips of the same scale and has long been regarded as a "sleeping position.” The silence was broken on October 29, 2026, when, within about 4 hours before the monitoring point, this address suddenly transferred out all 9.57 million WLD at once, with about 6.5 million flowing into several exchanges through intermediary addresses. According to a single source’s calculation, the current total value is only about 2.828 million dollars—indicating that the entire batch of chips has accumulated a decrease of about 71.2%. In parallel with this long-term pullback, the price of WLD has dropped by about 26.41% in the past week, presenting a notably weak market background when combining both short-term and long-term dimensions. In the absence of actual sale records and without any public explanation from the team, the team’s associated sleeping address, after three years, chose to concentrate on transferring and partially depositing to exchanges at a low price, a move that is difficult for the market not to see as a potential signal of selling pressure and changing confidence.
The Moment the Three-Year Sleeping Address Suddenly Cleared Its Stock
If we look back along the timeline, the story actually began three years ago. At that time, the Worldcoin team transferred 9.57 million WLD to the associated address 0xEa3…Fef6A, and according to public materials, the on-chain value was approximately 14.45 million dollars. Almost that entire batch of chips remained untouched on-chain, with no significant transfers of the same scale in the long term, and 0xEa3…Fef6A gradually became informally accepted by the market as one of the “long-term holds” by the team. As the price of WLD has accumulated a pullback of about 71.2% over the years, the on-chain value of this position continued to shrink, remaining stagnant until it was abruptly cleared on October 29, 2026.
According to AiCoin data, within about 4 hours before the monitoring timestamp, 0xEa3…Fef6A transferred all 9.57 million WLD at once, leaving no original balance. The path shows that the tokens were first concentrated into an intermediary address and then split for processing: about 6.5 million WLD were marked as deposited into several exchanges, currently valued at approximately 2.828 million dollars; the remaining approximately 3.07 million WLD have not been clearly identified as exchange deposits and may remain at new on-chain addresses or may not have taken further action, with specific distribution yet to be made public. This means that a team-associated large address that had been inactive for three years suddenly completed a “liquidation-style” transfer at a time when prices were weak, and chose to distribute through intermediary addresses, with part directly sent to exchanges; this entire on-chain trajectory itself constitutes an important signal for observing whether there has been a structural change in the internal arrangement of Worldcoin’s chips.
From 14.45 million to 2.82 million: The Sharp Decline in WLD Value
If we pull the timeline back to three years ago, the 9.57 million WLD received by 0xEa3…Fef6A had an on-chain value of about 14.45 million dollars at the time; whereas the 6.5 million WLD that has now been clearly identified as deposited into exchanges is estimated to be only about 2.828 million dollars at the latest price. For the same batch of chips, from the initial receipt to now part being sent to exchanges, the overall value is reported to have shrunk by about 71.2%, which is a long-term result of multiple price fluctuations accumulated over three years, rather than a single-point crash in a week’s market performance.
It is essential to distinguish that the price of WLD has dropped by about 26.41% in the past week, which is merely the last segment of weak performance on this timeline and cannot be simply regarded as the sole reason for the entire 71.2% shrinkage. The on-chain picture presented shows that holders, after experiencing long-term pullbacks, with profits long since entirely consumed and with short-term prices still on the decline, chose to transfer out 9.57 million WLD at once during this phase, sending 6.5 million directly to exchanges. This large transfer and deposit action, initiated only after deep pullbacks, inherently make the subsequent whereabouts of this batch of chips a variable that needs continuous tracking for risk assessment.
Team Expectations Broken: Market Interpretation
In the past three years, 0xEa3…Fef6A has almost had no on-chain actions of similar scale, and this batch of 9.57 million WLD has hence been implicitly accepted by many as part of the “long-term lock-up of the team and associated addresses, not easily used.” Now, the same address suddenly cleared its three-year holdings and sent about 6.5 million WLD through intermediary addresses to several exchanges; this contrast from long-term silence to concentrated outflow directly struck the market's psychological expectation regarding the team's chip management.
According to the analysis of public materials, on-chain analysis and media often perceive the "token transfers from team-associated addresses to exchanges" as potential pre-signals for selling, but currently, there have been no confirmed actual sale records regarding these 6.5 million WLD, and about 3.07 million of the remaining tokens’ purposes and arrangements are also shrouded in information silence. More critically, as of the current point in time, the Worldcoin official and related team members have not provided any explanation regarding this address liquidation and deposit action. Most discussions can only revolve around topics like “whether the team's confidence has been shaken” and “whether chip management has been adjusted,” with various assertions about “stop-loss measures, fundraising, or market-making adjustments” still resting at the level of analytical assumptions, while what can genuinely reshape expectations will still depend on subsequent on-chain actions and official information itself.
Stop-loss, Fundraising, or Routine Management? Motivation Remains Indeterminate
The on-chain picture indicates that all we currently know is: the associated address 0xEa3…Fef6A, which received 9.57 million WLD three years ago, cleared its holdings at once on October 29, 2026, with about 6.5 million sent to several exchanges through intermediary addresses, and the specific whereabouts of the remaining approximately 3.07 million have not been disclosed. Whether it belongs to the team’s treasury, a personal position of a core member, or is an external partner’s custodial address remains unclear, and public materials have not provided a definite answer. The exchanges also have not disclosed any special arrangements related to this batch of WLD, and the team has yet to explain the use of these funds, making the motivation impossible to verify.
Under this information constraint, explanations such as “stop-loss,” “raising operating costs,” “preparing chips for market-making,” and “adjusting custody models” can all be reasonably proposed but remain in the realm of hypothesis rather than conclusions locked in by on-chain or official evidence. More importantly, currently, only the actions of “concentrated outflow + partial exchange deposits” have been presented, and there have been no follow-up transaction records or explanation of uses. Hasty labeling of this transfer as “dumping” or “running away” only simplifies complex chip management issues into emotional outbursts. For ordinary holders, what is more meaningful is not to directly judge this on-chain operation as certain bearish or bullish, but to continuously track whether actual selling, structural hedging, long-term holdings, or new custody arrangements occur and combine this with subsequent information disclosure from the team to assess the true position of this transfer within the overall chip and operational path of Worldcoin.
On-chain Signals and Price Resonance to Watch Next
Returning to the starting point of this article: the sudden clearing of a sleeping team-associated address after three years, and the transfer of most WLD to exchanges, undoubtedly represents an important variation within the current Worldcoin narrative. However, up until now, it remains merely “a completed large transfer” rather than a confirmed selling action. The only confirmed fact is that 9.57 million WLD has fully left the original address, with about 6.5 million entering several exchanges, while the specific whereabouts of the remaining approximately 3.07 million are not clear, and this batch of tokens within exchanges has not yet been directly linked to identifiable transactions. What truly deserves attention going forward are several more determinative variables: first, whether the 6.5 million WLD appears as a large outflow from the exchange addresses again or is marked as completed transactions or transferred to custody or other internal arrangements, as this on-chain and market information will directly influence the inference strength of “whether sales have already begun or will begin”; second, whether other Worldcoin team-associated addresses exhibit similar scale linked transfers within a close time window, as the repetition of this pattern will constitute a stronger signal of whether chip management has undergone systematic adjustments; third, whether the team will disclose an official explanation subsequently, placing this transfer within a clear operational, custodial, or financial framework. Amid short-term price volatility and the noise of emotional fermentation, ordinary investors need to deliberately differentiate confirmed facts from analytical hypotheses, treating this incident as one puzzle piece rather than the entire picture, and putting it back onto the vertical timeline of long-term project progress, token distribution, and on-chain behavior to maintain a relatively clear risk perception in the face of insufficient evidence.
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