Worldcoin: Will WLD’s Whale-Driven Rally Break $3
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- WLD has experienced a daily increase of 7.83%.
- Market indicators suggest that notable whale accumulation is driving Worldcoin’s positive momentum.
In the past week, Worldcoin [WLD] has demonstrated significant upward movement, climbing from a low of $1.80 to a high of $2.80.
As of now, Worldcoin is priced at $2.637, reflecting a remarkable 26.20% rise over the week.
This uptrend is also visible on the daily charts with an additional gain of 7.83%. Concurrently, trading volume surged by 145.90%, reaching approximately $705.1 million.
The recent surge in price leads to inquiries about its underlying causes and whether Worldcoin can maintain this upward trajectory.
What Factors are Propelling Worldcoin’s Uptrend?
An analysis by AskFX indicates that one key factor propelling Worldcoin’s rise is heightened whale activity. Data from IntoTheBlock reveals an astonishing spike in whale activity by 593.3% in just the last day.
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The count of large transactions escalated from 15 to 104 over this period; should whale activity persist, it could imply either selling or accumulation strategies being employed. p >
A rise in net flows among major holders further indicates whales are actively purchasing WLD tokens. P >
The trend reflects positive sentiment among whales toward WLD as they anticipate future increases in value for their holdings; but can WLD sustain this upward movement?
Growing whale accumulation points towards optimism within market conditions; hence it appears that WLD’s price chart may be set for further advances.
Source: TradingView
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