Worldcoin (WLD), backed by Sam Altman, has experienced a significant surge in value, witnessing a remarkable increase of over 35% today.
The sudden uptick in price can be attributed to a recent whale accumulation, resulting in substantial profits for investors, according to insights from Spot On Chain, a prominent crypto analytics firm.
Reports indicate that Whale 0x000 made a substantial withdrawal of 2.090 million WLD tokens, valued at $5.82 million, from Binance at a price of $2.784 per token.
This move marks the whale’s first significant accumulation of WLD tokens, bringing their total holdings to 2.091 million WLD, worth $6.01 million. The surge in WLD price comes after a period of decline lasting 1.5 months.
This wallet is earning $2.15M from $WLD in just 2 days!
2 days ago, our system detected wallet 0x0007 withdrawing 2.09M $WLD ($5.82M) from #Binance at $2.78.
After the #Worldcoin price surged up to 25% today, the wallet’s $WLD value has risen to $8.03M!
Don’t want to miss a… pic.twitter.com/dS86aHweVg
— Spot On Chain (@spotonchain) February 16, 2024
Notable Whale Transfers Involving WLD Tokens To Monitor
In tandem with the price surge, astute traders UNI and BIGTIME 0x8d7 deposited 318,279 WLD tokens, valued at $1.08 million, to Binance at a price of $3.4 per token.
Examining the whale’s activities, it’s noteworthy that they withdrew 468,279 WLD tokens from Binance at a price of $1.66 (then valued at $779K) on October 7, 2023.
Subsequently, they deposited all tokens back to the exchange at an average price of $3.00 per token (amounting to $1.41 million) on January 23, 2024, and most recently.
Considering these transactions, the whale has realized a profit of $626K, representing an impressive 80.3% increase if indeed the tokens were sold.
The surge in WLD value and the activities of significant players like Whale 0x000 underscore the dynamic nature of the cryptocurrency market.
As investors navigate through fluctuations, the role of strategic accumulation and trading becomes increasingly vital in maximizing returns and capitalizing on market opportunities.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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