Worldcoin jumped 55% and soared above US$1.7. Are many market makers ready to make a move?

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Worldcoin, a cryptocurrency project co-created by OpenAI CEO Sam Altman, has received widespread attention since its launch at the end of July. Dune data shows that the current number of Worldcoin ecosystem wallets, Worldcoin App, is close to 1.23 million, with the number of addresses $WLD It also grew to 631,830.

WLD jumped 55% in a single day

However, shortly after the official opening of the airdrop, the price of WLD has continued to fluctuate and fall since August, falling below the $1 mark earlier this week. However, starting from the evening of yesterday (15th), WLD began to rise significantly. At around 10 o'clock this morning (16th), it once spiked to US$1.7345. It was reported at US$1.635 before the deadline. It rose by more than 55% in the past 24 hours and reached a Monthly high.

Extended reading: Worldcoin addresses have doubled in dozens of days, but the top 20 largest wallets in the world control 94% of the supply?

Source: Trading View

WLD ranked first with a liquidation of US$2.85 million in the past 4 hours

The sudden price fluctuation caused WLD to become the currency with the highest liquidation amount in the cryptocurrency market in the past 4 hours. According to Coinglass data , WLD's liquidation amount reached US$2.85 million in the past 4 hours, ranking first on the entire network.

Source: Coinglass

Many market makers are ready to make moves

It is worth noting that many large market makers have recently been found to have conducted large-scale token transfer operations for Worldcoin.

On-chain data analyst Yu Jin pointed out on September 7 that a certain WLD market maker had transferred 4.5 million WLD (approximately $6.07 million at the time) to a centralized exchange on the 7th. At that time, the market maker’s address still held There are approximately 2.96 million WLDs (currently worth approximately $4.88 million).

In addition, The Data Nerd also posted on the X platform this Friday that market makers are accumulating WLD.

GSR Markets accumulated 1.43 million WLD ($1.57 million) from CEX in the past two weeks

The WLD whale Wintermute withdrew 300,000 WLD ($325,000) from CEX a day ago.

The dynamic zone reminds Worldcoin that the current currency price fluctuates violently, please be careful before investing.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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