Worldcoin

<p>The price of Worldcoin (WLD) has declined 7% over the past 24 hours amidst sizable whale withdrawals totaling over $6 million worth of WLD. This selloff comes even as whales and institutions continue accumulating the cryptocurrency.</p> 
<h2 class="wp-block-heading" id="whale-withdrawals-hit-wld-price">Whale Withdrawals Hit WLD Price</h2> 
<p>According to on-chain analysis firm <a href="https://twitter.com/lookonchain/status/1714947786943418399?s=20" target="_blank" rel="nofollow">@lookonchain</a>, a large wallet withdrew 4.12 million WLD (worth around $6 million) from exchanges OKX and Binance over the past three hours. Additionally, a wallet linked to Amber Group withdrew 500,000 WLD (around $730,000) from OKX for the first time in nearly three months.</p> 
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<p>These large withdrawals appear to have placed significant selling pressure on WLD, resulting in the 7% single-day price decline.</p> 
<h2 class="wp-block-heading" id="accumulation-ongoing-among-whales">Accumulation Ongoing Among Whales</h2> 
<p>However, @lookonchain points out that even amidst the recent whale selling, large players continue building up WLD positions.</p> 
<p>For example, quant trading firm GSR has accumulated over 7.4 million WLD (approximately $10.8 million) since August 29. This suggests that major crypto institutions remain confident in WLD’s long-term potential despite the recent selloff.</p> 
<p>The Worldcoin project, which launched its identity-focused WLD token in 2021, aims to build the world’s largest decentralized identity and financial network. While short-term price volatility remains, the ongoing accumulation among whales and institutions signals continued faith in the ambitious long-term vision.</p> 
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<p>The post <a rel="nofollow" href="https://captainaltcoin.com/worldcoins-wld-price-dips-7-as-whales-sell-off-over-6m-in-holdings-but-theres-a-catch/">Worldcoin’s WLD Price Dips 7% as Whales Sell Off Over $6M in Holdings, but There’s a Catch</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Worldcoin’s WLD Price Dips 7% as Whales Sell Off Over $6M in Holdings, but There’s a Catch

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