Worldcoin Team’s $144M Move: Investors Still Buying? 💸

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Key Takeaways

Why did Worldcoin team move 110 million tokens?

The team bridged $111 million to World Chain, while $32.75 million went to Kraken, possibly for liquidity. Aye, they’re probably just buying time-or a new yacht. 🏴‍☠️

Are whales backing WLD despite its decline?

Yes. Top holders added 4.91 million WLD, while Exchange Outflows hit $4.78 million. The whales are like, “We’re not afraid of the dip! We’re *inviting* it to dinner.” 🐋

Worldcoin [WLD] has been stuck in a descending channel since hitting $2.2 two weeks ago, dropping to a low of $1.28. At press time, WLD traded at $1.33, down 11.32% over the past week. A valiant effort, but it’s like trying to climb a greased pole. 🧠

This slump coincided with a major token transfer by the project’s team. Coincidence? I think not. 🤔

Team moves $144M worth of WLD

According to EmberCN, the Worldcoin Team transferred 110 million WLD tokens worth $144 million from the Ethereum Mainnet. A fancy move, if you ask me, though it’s hard to tell if they’re building a bridge or a moat. 🌉

Out of the tokens transferred, the team bridged 85 million tokens, worth approximately $111 million, to the Worldcoin Chain. The remaining 25 million WLD, worth $32.75 million, were sent to Kraken. One wonders if they’re funding a space colony or just a very expensive coffee habit. ☕

These tokens have not yet been sold, suggesting the bridge likely supported liquidity or ecosystem activity. Even so, the Kraken transfer could pressure prices if offloaded into the market. A classic “wait and see” scenario. 🕵️‍♂️

Whales keep buying the dip

Surprisingly, despite a sustained price decline, Worldcoin investors, especially Top Holders, have continued to accumulate the altcoin. Surprising? Or just proof that the whales are smarter than the rest of us? 🐋

AMBCrypto’s analysis of Nansen determined that Worldcoin Top Holders recorded a positive Balance Change for six consecutive days. Six days of “I’m buying more, even though I don’t know why!” 🧠

At press time, Top holders Balance Change was 4.91 million, indicating increased accumulation from high-net-worth addresses. This is the financial equivalent of a toddler hoarding candy. 🍬

This reflected conviction among large investors who increased exposure during the dip. Conviction? More like desperation. Or maybe they’re just waiting for the next “big move.” 🚀

Furthermore, exchange activities further echoed this accumulation trend. It’s like watching a crowd at a sale-everyone’s scrambling, but no one knows what they’re buying. 🛍️

Santiment data tracked net Exchange Outflows of $4.78 million in WLD, confirming that more tokens left exchanges than entered. A sign of caution… or a warning. ⚠️

Negative Exchange Flow Balances typically align with accumulation phases. Or, as I like to call it, “the market’s version of a sneaky squirrel.” 🐿️

Historically, higher buying activity has resulted in intense upward pressure, which could set Worldcoin on a path towards market recovery. Or it could be the calm before the storm. 🌪️

What comes next for WLD

While the Worldcoin team moved a large batch of tokens, the transfers have not weighed on WLD’s price so far. A miracle, or just a temporary reprieve. 🙏

AMBCrypto’s analysis showed these tokens were not sold, suggesting the bridge likely targeted liquidity or ecosystem activity. Maybe they’re planning a party, or maybe they’re just hoarding. 🎉

By contrast, whales kept buying. Large holders added exposure during the dip, signaling demand that offset concerns about the transfers. The whales are like the financial equivalent of a determined toddler-unstoppable. 🐋

If accumulation continues, WLD could attempt a recovery, with $1.54 as the next resistance. A lofty goal, but hey, stranger things have happened. 🌟

A breakdown, however, risks a slide toward $1.24. A drop that would make even the most optimistic investor question their life choices. 😅

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2025-09-23 14:52