Launched in late July, Worldcoin, founded by a team including Sam Altman, founder and CEO of OpenAI (ChatGPT), has lost its initial popularity.
WLD, which pumped with listings on major stock exchanges such as Binance and Huobi after its launch, became the focus of various investigations.
Because Worldcoin's collection of users' biometric data created controversy in many countries, and countries such as England and France launched an investigation against Worldcoin.
Although WLD has experienced sharp declines due to the events, whales and institutions are accumulating WLD, according to Lookonchain's post.
“Whales and institutions accumulate WLD.
Accordingly, a newly created wallet received 4.12 million WLD worth $6 million from OKX and Binance exchanges in the last hours.
Market maker GSR has accumulated $10.8 million and 7.4 million WLD since August 29.
“Amber also received 500 thousand WLD worth 730 thousand dollars about 2 hours before OKX for the first time in 87 days.”
WLD, which rose to $5.2 after Binance listing, is at $1.47 at the time of writing. Time will tell whether the purchases of whales and institutional investors will have a positive impact on the price.
*This is not investment advice.