Worldcoin (WLD) recently experienced a significant price slump, yet this downturn has been met with intriguing activity from both its development team and prominent investors. Amidst a descending market channel, the project initiated a substantial token transfer, while large holders simultaneously engaged in a notable accumulation spree, signaling a potential turning point for the altcoin.
Strategic Token Redistribution by the Worldcoin Team
The Worldcoin team recently executed a major transfer of 110 million WLD tokens, valued at approximately $144 million, from the Ethereum Mainnet. A significant portion—85 million tokens, or $111 million—was strategically bridged to the Worldcoin Chain, likely to bolster liquidity or support ecosystem development. The remaining 25 million WLD, equivalent to $32.75 million, were moved to the Kraken exchange. While these tokens have not yet been sold, current analysis suggests the transfers are focused on ecosystem support rather than immediate market sales, thus mitigating immediate price pressure.
Whales Accumulate Amidst Market Dip: A Sign of Recovery?
Despite WLD's sustained price decline, a counter-intuitive trend has emerged among its largest investors. "Top Holders," often referred to as whales, have demonstrated strong conviction, actively accumulating the altcoin for six consecutive days, adding a significant 4.91 million WLD tokens to their portfolios. This aggressive accumulation is further reinforced by exchange data showing net Exchange Outflows of $4.78 million in WLD, a clear signal that more tokens are being withdrawn from exchanges than deposited. Historically, such negative exchange flow balances are strong indicators of accumulation, often preceding upward price pressure. This strong demand from large investors, effectively offsetting potential concerns from the team's transfers, suggests a potential path towards market recovery for WLD, with $1.54 identified as a key resistance level.
