WLD’s Gain: 1 Million Dollars in Net Buying on Binance

Crypto News- WLD’s Gain: In recent times, Worlcoin’s WLD token has taken the crypto world by storm, igniting fervor among cryptocurrency enthusiasts. This fresh addition to the crypto space has displayed a remarkable uptrend, with its value surging by an impressive 80% in just the past two weeks.

WLD’s Gain: 1 Million Dollars in Net Buying on Binance

What’s caught the attention of many is the astute observation made by the well-respected crypto analyst, Riyad Carey. Carey pointed out a substantial surge in WLD buying activity on Binance, one of the leading cryptocurrency exchanges, within the last 24 hours.

This development is seen as significant for this emerging blockchain token. Utilizing data from Kaiko, a prominent cryptocurrency data provider, Carey meticulously analyzed WLD’s recent performance. He even shared a screenshot that showcased a jaw-dropping net purchase of approximately $1 million worth of WLD on the Binance platform, all occurring in a remarkably short six-hour timeframe. This buying frenzy triggered a notable 5% rally in the value of the Worldcoin native cryptocurrency, indicating a growing accumulation of WLD among its user base.

Carey’s insights extended beyond Binance to encompass WLD’s cumulative trading volume across various cryptocurrency exchanges, including Uniswap, Bithumb, Bybit, Kucoin, OKX, and of course, Binance. The latest data available as of September 25th clearly revealed that Binance stood out with a substantial surge in cumulative trading volume. Intriguingly, Binance also saw the most significant decline in WLD’s cumulative volume over the past week, adding an intriguing layer to the story.

Worldcoin made its debut in July 2023, and its arrival on multiple exchanges immediately piqued the interest of traders and investors alike. The influx of users led to a rapid price increase for this newly minted token within just a few hours. WLD briefly reached an impressive high of $5.290 before retracing, ultimately closing its inaugural trading day at $2.161. Such fluctuations are not uncommon in the cryptocurrency space, particularly for projects that generate substantial hype.

Over the past two months, WLD had maintained a sideways trading pattern, fluctuating within the range of $2.525 and $0.972. Recent market activities established a mid-term resistance level at $1.724, as confirmed by data from TradingView. At the time of compiling this report, WLD was actively trading at $1.726, as it made determined efforts to break through this mid-term resistance and potentially aim for even higher price levels. The cryptocurrency world continues to watch with bated breath as Worlcoin’s WLD token embarks on this captivating journey of growth and potential.