In a recent development, Worldcoin’s WLD token has experienced a significant surge in value, aligning with the renewed support from OpenAI CEO Sam Altman. Altman publicly reaffirmed his commitment to the Worldcoin project, expressing his intent to inject an additional $50 million to propel the ambitious cryptocurrency initiative.
Responding to Altman’s pledge, the price of the WLD token witnessed a notable increase, climbing from $2.42 to $3.22 within a short span. What makes this surge intriguing is that it might not have occurred entirely without forewarning.
OpenAI CEO Sam Altman has doubled down on his vision for the cryptocurrency project Worldcoin, following reports the company was seeking $50 million in funding https://t.co/glERl7i6b4 pic.twitter.com/LFsdE1naTM
— Reuters Business (@ReutersBiz) December 16, 2023
Ali_charts, detected early indications of irregular on-chain activities just a day before this surge. Notably, recent on-chain movements within the Worldcoin ecosystem have attracted attention, particularly a substantial outflow of 3.6 million $WLD tokens from exchanges.
Concurrently, there has been a noteworthy uptick in whale transactions, suggesting that significant WLD holders may be gearing up for a substantial price movement.
Over 3.6 Million WLD Exchange Outflows Recorded
Sharing insights on X (formerly Twitter), Ali remarked, “Worldcoin is witnessing some interesting on-chain activity! A massive exchange outflow of 3.6 million $WLD has coincided with a spike in whale transactions. This may indicate #WLD whales are gearing up for a big price move.”
#Worldcoin is witnessing some interesting on-chain activity!
— Ali (@ali_charts) December 14, 2023
With Worldcoin actively seeking additional fuuding to advance its objectives, the convergence of Altman’s unwavering support and the subsequent surge in the WLD token’s price highlights the intricate dynamics at play in cryptocurrency markets. Which of course, is also influenced by investor sentiments and strategic moves.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.