Worldcoin Whale Draws Attention for Depositing 4.5 Million WLD on Three Different Exchanges

Crypto News – A Worldcoin (WLD) market maker transferred 4.5 million WLD (nearly $6.07 million) to 3 CEX five hours ago, according to an observation by Spotonchain. Out of those, one million dollars went to Bybit, three million dollars to Binance, and half a million dollars went to KuCoin.

Worldcoin Whale Draws Attention for Depositing 4.5 Million WLD on Three Different Exchanges

Before WLD went live, it was known that the market maker had acquired 11 million WLD market-making tokens. As of right now, the market maker’s address still has 2.96 million WLD, or around $4.02 million. Activity along the market maker chain is as follows:

• Between July 25 and August 24, allegedly, 9.186 million dollars worth of WLD was accumulated on a variety of exchanges, including Binance, OKX, Kucoin, Gate.io, and Bybit, at an average price of $1.835 million.
• A total of 6.225 million USD worth of WLD has been sent to Binance, OKex, Kucoin, Huobi, and Bybit at a cost of $1.34.

In short, the market maker may be the whale, given their trading patterns.

Worldcoin’s Activity Surprises the Market

Given the contentious project that added a reservation function for individuals who are not verified, Worldcoin’s price movement surprised many. Using iris-based biometric data, Worldcoin hopes to distinguish between humans and robots in the future despite regulatory difficulties in many jurisdictions.