Worldcoin Defies Whale Selloff with 17% Surge, Market Cap Reclaims $1 Billion

Worldcoin Defies Whale Selloff with 17% Surge, Market Cap Reclaims $1 Billion

Worldcoin experienced significant whale sell-offs on September 25, yet the asset managed to maintain its upward trajectory.

Over the past 24 hours, Worldcoin has surged by 17.3%, reaching $2.12 at the time of writing. Its market capitalization has once again surpassed the $1 billion threshold, positioning it as the 69th-largest cryptocurrency.

The asset’s daily trading volume also saw a significant 85% increase, climbing to $430 million.

Data from IntoTheBlock revealed that on September 25, large Worldcoin holders moved 6.23 million WLD (valued at $13.15 million) out of the market. This suggests that more whales were selling off their holdings than accumulating them.

Typically, such sell-offs signal investor panic or profit-taking, both of which can lead to price declines. However, despite this, WLD has recorded a 32% price increase over the past week, seemingly unaffected by the heavy whale activity.

According to an earlier report from crypto.news on August 21, Worldcoin had previously plunged by 40%, dropping below $1.40, leaving over 92% of its holders at a loss.

Current data from IntoTheBlock shows that the number of WLD holders facing losses has now decreased to 68%.

One reason for the recent bullish momentum has been Worldcoin’s expansion, with the company announcing its World ID rollout in three additional countries: Guatemala, Malaysia, and Poland.

It’s worth noting, however, that price surges fueled by major announcements are often short-lived. If the whale sell-off trend continues, a price correction for WLD could be on the horizon.