Worldcoin Rises 17% Despite Whale Selloff

Yesterday, September 25, Worldcoin experienced a substantial whale selloff; however, the asset maintained its upward trajectory

When writing, Worldcoin is trading at $2.12, representing a 17.3% increase in the past 24 hours. The 69th-largest digital currency, the asset’s market value once again surpassed the $1 billion market.

In addition, the daily trading volume of WLD increased by 85%, peaking at $430 million.

On September 25, 6.23 million WLD, equivalent to $13.15 million, were outflowed by substantial Worldcoin holders, as indicated by data from IntoTheBlock.

The indicator shows that the number of whales dumping the asset was significantly higher than the number of whales accumulating it.

Whale selloffs typically indicate periods of panic or profit-taking, resulting in price declines. WLD has experienced a 32% price increase in the past week and has not been affected by the significant whale selloff.

Over 92% of Worldcoin’s holders were lost due to the 40% decline below the $1.4 mark, according to a report by crypto—new—newsugust 21.

According to data from ITB, the number of WLD holders experiencing losses has decreased to 68% at the time of reporting.

The company’s recent announcement was one of the bullish catalysts for the WLD price. Worldcoin has introduced World ID in three additional countries: Guatemala, Malaysia, and Poland.

It is crucial to acknowledge that price increases that occur in response to significant announcements are typically transient. A price correction for the WLD pricing is anticipated if the whale selloff persists.