Walk Dogs narxiWLD

Recently, the Worldcoin ecosystem’s native token, WLD, has been stirring interest in the cryptocurrency market. The surge in WLD’s value has been notably driven by substantial purchases made through wallets associated with institutional investors. Over the last 24 hours, WLD gained approximately 4%, nearly reaching the $0.50 mark and drawing significant attention from investors. This increase isn’t just reflected in price but is also supported by rising volume and on-chain data. Contents Institutional Wallet Activity and Volume Increase Technical Outlook and Market Agenda Institutional Wallet Activity and Volume Increase According to the on-chain data platform Lookonchain, a wallet linked to Multicoin Capital executed an over-the-counter (OTC) transaction, spending 30 million USDC to acquire a total of 60 million WLD. The purchase, made at an average price of $0.50, signals a strong institutional demand in the eyes of market observers. OTC transactions often aim to conduct large-volume purchases without directly impacting the market, possibly suggesting a long-term investment strategy. On the other hand, data from Santiment reveals that WLD’s trading volume witnessed a dramatic surge, reaching $1.46 billion on Wednesday—a record high for the year and activity not seen since July 2024. This spike in volume indicates growing interest not just from individual investors but also from substantial market players. Furthermore, whales holding between 1 million and 100 million WLD have reportedly accumulated over 150 million tokens in the recent price pullbacks. Technical Outlook and Market Agenda Technically, the market’s mood is cautiously optimistic. Although the overall structure of the WLD/USDT pairing remains weak in four-hour charts, the recent upswing strengthens the possibility of a short-term recovery. Should the price surpass the daily resistance around $0.56, the 50-day exponential moving average at $0.63 could become the new target. The RSI indicator moving upward at 49 also suggests that buyers are regaining strength. However, it’s crucial for the RSI to cross above 50 for sustained momentum. These dynamics align with a broader narrative of rising institutional interest in the crypto market. A similar buzz recently surrounded another popular altcoin experiencing substantial fund acquisitions. Particularly, projects centered around artificial intelligence and identity verification are coming back into the spotlight, aligning with 2025 expectations. This context shows that projects like WLD are evaluated for their long-term narratives, not just short-term price movements. In summary, the rally in WLD is fueled not only by speculative buying but also by substantial volume and institutional interest. Yet, the lack of a clear confirmation of an upward trend in technical indicators warrants caution among investors. The market’s response to crucial resistance levels in the coming days will determine the longevity of this momentum.

While Bitcoin (BTC) and altcoin prices continue to move sideways, the same is not true for whales. Although there is no movement in prices, large whales continue to trade. According to Lookonchain’s report, a newly created wallet deposited a total of $4 million worth of USDC into the platform over the past four days. It then opened transactions in Bitcoin and Ethereum. However, the whale is expecting a rise in one and a fall in the other. Specifically, the whale opened a long position in Bitcoin expecting an increase, while opening a short position in Ethereum. Accordingly, the whale opened a long position on 218.6 Bitcoin, worth $19.15 million, with 10x leverage. Conversely, it opened a short position on 5,294 ETH, worth $15.5 million, also with 10x leverage. Liquid prices were $71,392 for Bitcoin and $3,588 for Ethereum. Another whale acquired a large amount of ZEC. Lookonchain reported that a newly created wallet (t1XKfb) purchased 30,000 ZEC from Binance, worth $13.25 million. An institutional whale purchased a large amount of Worldcoin (WLD). Accordingly, a wallet (0xf000) affiliated with Multicoin Capital bought 60 million WLD, worth $30 million, at $0.50 per ton OTC. Lastly, Erik Voorhees, one of Bitcoin’s early advocates and founder of ShapeShift, once again exchanged his Ethereum for Bitcoin Cash (BCH). He has been exchanging his ETH for BCH in recent weeks. Lookonchain reported that Erik Voorhees invested another 1,635 ETH ($4.81 million) in THORChain, exchanging it for BCH. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Multicoin Capital has reportedly purchased 60 million Worldcoin (WLD) in an over-the-counter transaction with the projects team, betting on the biometric identity protocol. The acquisition comes amid a period of declining investor engagement, with WLDs price slipping 21% over the past month. Multicoin Capital Doubles Down on Worldcoin Despite Price Slide Founded in 2017, Multicoin Capital is a thesis-driven firm specializing in crypto and blockchain projects. Blockchain analytics firm Lookonchain identified a large transaction involving a wallet reportedly associated with Multicoin Capital (0xf0007b56607BB268efFe4126655f077F8cf42696). Multicoin Capitals WLD Purchase. Source: X/Lookonchain According to on-chain data, the address transferred 30 million USDC to the Worldcoin team one day ago. Then, Multicoin received 60 million WLD tokens, suggesting an OTC deal directly with the project rather than an open-market purchase. The timing of the transaction is notable, as on-chain and search data point to declining interest in Worldcoin. Dune Analytics showed that the number of new active wallet addresses has fallen sharply since September. New Worldcoin Wallets. Source: Dune The slowdown in new participants suggests weakening retail demand, even as institutional investors continue to accumulate. Search interest has followed a similar trajectory. Google Trends data revealed that searches for Worldcoin dropped significantly after peaking at a score of 100 in September. That surge was largely driven by Upbits listing of WLD, which also pushed the tokens price up at the time. Since then, however, Worldcoin has erased those gains, with search interest falling to a score of 6 at press time. Price action reflects this cooling momentum. According to BeInCrypto Markets data, WLD has lost more than 21% of its value over the past month. At the time of writing, the token was trading at $0.49614, representing a 2.57% increase over the past 24 hours. The short-term rebound comes amid a broader market recovery, with the total crypto market capitalization rising by nearly 0.5%. Worldcoin (WLD) Price Performance. Source: BeInCrypto Markets Beyond its price performance, the project is also under growing regulatory pressure. In late November, Thai authorities ordered World to suspend its iris-based enrollment activities in the country and erase biometric data gathered from more than 1 million individuals. The order followed an October enforcement action, during which officials raided one of the projects iris-scanning sites in Thailand. This collaboration will enhance the effectiveness of law enforcement in prosecuting and suppressing unlicensed digital asset businesses, while protecting users from lack of legal protection and mitigating risks of scams and money laundering, Ms. Jomkwan Kongsakul, SEC Deputy Secretary-General, noted. These developments add to earlier challenges. In May, the project encountered regulatory setbacks in both Indonesia and Kenya. Read the article at BeInCrypto

According to EmberCN monitoring, Multicoin Capital is alleged to have engaged in a large Worldcoin liquidity move involving WLD tokens via OTC. The event centers on a wallet associated with the 0xf000 address transferring 30 million USDC to the Worldcoin team wallet, a pattern commonly seen in OTC settlements. Hours later, trackers report that the same counterparties received 60 million WLD from the Worldcoin team wallet, valued at around $29.06 million. The combined flows could reflect a strategic liquidity provisioning or balance rebalancing within the Worldcoin ecosystem. Market participants should await official confirmations to validate the intent behind the transfers and to assess potential implications for WLD liquidity, circulating supply, and credible market signals.