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Worldcoin is back in the hands of whales- what now?

Press Releases Crypto News AMB-Crypto Worldcoin is back in the hands of whales- what now?

Millions of WLD tokens have been sent out of exchanges in recent times.
The short-term sentiment around the project remains optimistic.

According to smart money tracking account Lookonchain, Worldcoin [WLD] may have regained the attention of large investors. This includes individual whales and institutions in the market. This assertion was because a fresh wallet withdrew $6 million worth of WLD from the OKX and Binance exchanges.

How much are 1,10, 100 WLDs worth today?

Around the same period, Amber Group, which is a liquidity provision, asset management, and trading platform, also sent out 500,000 WLD from OKX. After withdrawing, Amber sent the tokens into a non-exchange wallet. Leading trading firm GSR was also not left out of the picture as it has been accumulating WLD since 29 August.

The conviction is unwavering

Although the reason for the widespread withdrawals was largely unknown, actions like this point to a possible conviction that the token was worth keeping for the long term. The perception that Worldcoin could also be backed up by price action in recent times.

Unlike most altcoins, WLD’s 30-day performance was a 9.49% increase. Furthermore, the weighted sentiment, according to on-chain data was 0.224. Weighted sentiment combines positive and negative commentary about a project by examining the unique social volume to arrive at a score.

This metric spike when the vast majority of messages are positive, and falls when a chunk of the messages is negative. For WLD, the sentiment score has flatlined since 13 October, meaning market players are currently neutral on the token’s performance.

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Author: Victor Olanrewaju

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