Spike in Worldcoin whale activity; Possible price surge incoming?

One of the biggest gainers in the cryptocurrency market in the previous days is Worldcoin (WLD), which saw its price surge by almost 13%, thanks to the whale holders of this digital asset.

A significant outflow of 3.6 million WLD aligns with a surge in whale transactions, suggesting that Worldcoin whales might be preparing for a substantial price movement, as per a post from crypto analyst Ali Martinez on December 14.

In this group of whales, cryptocurrency firm Amber Group stands out. As blockchain analyst The Data Nerd reported on December 14, the company withdrew 2.02 million WLD from the OKX exchange, representing over 50% of the notable whale transactions that experienced a significant surge today.

The strong showing in the previous period and backing by its whale carriers, some of which possess a large amount of its supply, might mean that a potential further price increase is on the horizon and that the current levels represent a potentially profitable point for entry.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source