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Worldcoin witnessed a strong whale selloff yesterday, Sept. 25, but the asset still continued its upward momentum. 
Worldcoin (<a href="https://crypto.news/price/worldcoin/" target="_blank">WLD</a>) is up by 17.3% in the past 24 hours and is trading at $2.12 at the time of writing. The asset’s market cap surpassed the $1 billion market again, making it the 69th-largest digital currency. 
WLD’s daily trading volume also recorded an 85% rally, reaching $430 million. 
According to data provided by IntoTheBlock, large Worldcoin holders recorded 6.23 million WLD — worth $13.15 million — in outflows on Sept. 25. The indicator shows that the number of whales selling the asset was much greater than the ones accumulating. 
 You might also like: <a rel="" href="https://crypto.news/worldpay-to-start-verifying-blockchain-transactions/"> Worldpay to start verifying blockchain transactions </a> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1200" height="800" src="https://crypto.news/app/uploads/2024/09/ITB_wld_large_holders_netflow_ethereum_2024-09-26T07_08_40.265Z.png" alt="Worldcoin remains unfazed by whale selloff, rises 17% in 24 hours - 16" class="wp-image-14299967">
 <figcaption class="wp-element-caption">
 WLD price and large holders net flows – Sept. 26 | Source: <a href="https://app.intotheblock.com/coin/WLD/quick-view" target="_blank" rel="nofollow">IntoTheBlock</a>
 </figcaption>
</figure> 
Whale selloffs usually hint at times of panic or profit-taking, both of which lead to price declines. At this point, WLD has recorded a 32% price surge over the past week, remaining unfazed by the large whale selloff. 
Per a crypto.news report on Aug. 21, Worldcoin’s 40% <a href="https://crypto.news/wlds-40-dive-in-30-days-puts-92-of-holders-at-loss/" target="_blank">plunge</a> below the $1.4 mark put over 92% of its holders at a loss.&nbsp; 
Data from ITB shows that the number of WLD holders suffering losses has declined to 68% at the reporting time.&nbsp; 
One of the bullish drivers for the WLD price was the recent announcement from the company. Worldcoin revealed that it <a href="https://crypto.news/worldcoin-launches-in-three-more-countries-wld-token-spikes/" target="_blank">launched</a> World ID in three more countries — Guatemala, Malaysia, and Poland. 
It’s important to note that price hikes on the back of big announcements have shown to be short-lived. If the whale selloff continues, a price correction would be expected for the WLD price. 
 Read more: <a rel="" href="https://crypto.news/whale-unstaked-30m-in-sol-will-solana-crash-again/"> Whale unstaked $30m in SOL; will Solana crash again? </a>

Worldcoin remains unfazed by whale selloff, rises 17% in 24 hours

crypto.news

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