Key Insights
- A Worldcoin whale deposited $2.69M worth of WLD into FalconX after a 130% price rally.
- The investor still holds $9.36M in tokens despite securing a $4.3M profit.
- Institutional backing and soaring volumes are keeping Worldcoin on a strong footing.
A Worldcoin whale has stirred discussion lately after moving $2.69 million worth of WLD tokens into FalconX. The transfer came just days after the token surged 130% in one week to a high of $2.02.
The move has created debate among traders about whether this was a simple profit-taking step or a possible red flag for the market.
Breaking down the Worldcoin whale’s activity
Blockchain data from Lookonchain in a recent X post shows that the whale’s wallet, 0x4dC3, deposited 1.55 million WLD (valued at $2.69 million). The investor had built the position earlier in May and June, after buying 6.18 million tokens for $7.75 million at an average price of $1.25.
Even after this recent transfer, the whale still holds 4.64 million WLD. At current market prices, the remaining stash is worth about $9.36 million.
That means the investor has locked in around $4.3 million in profits, representing a gain of 55%.
Worldcoin price rally fueled by institutional support
The whale’s move came right after an explosive rally. September 9 saw Worldcoin surge 130% in a single week to $2.02.
At the time of writing, the token trades at $1.93 and is up 118% over the past seven days, with 5.56% in the last 24 hours.
Several factors contributed to this surge. For example, Nasdaq-listed Eightco Holdings announced a $250 million private placement to establish the first Worldcoin treasury. BitMine added to the bullish mood by investing $20 million.
On top of that, Eightco named respected analyst Dan Ives as chairman of its board, which gave the project more credibility among institutional investors.
Trading activity came right after the news. Worldcoin’s daily volume spiked 277% within 24 hours, placing the token among the most traded assets in the market.
Profit-taking or warning sign?
Large transfers tend to trigger worries among retail traders. Some people see them as early signs of a downturn. However, in this case, the picture looks to be different.
The whale still holds a large position, which is worth more than $9 million. That indicates a continued belief in the project rather than an exit. This said, profit-taking after a 130% rally is normal in the volatile crypto space.
Meanwhile, Lookonchain also reported that another major whale (using the address 0x6636) opened leveraged long positions on Bitcoin, Solana and Sui.
That trader entered with maximum leverage of 40x for BTC, 20x for SOL and 10x for SUI.
The positions were massive because the 540 BTC were worth $60 million, 114,984 SOL were worth $24.86 million, and 868,196 SUI were worth $3 million. This shows that whales are still active in both profit-taking and aggressive long bets.
Market outlook for Worldcoin
Meanwhile, Worldcoin continues to attract strong institutional backing. The treasury initiative by Eightco Holdings and BitMine’s $20 million investment all point toward a serious long-term strategy.
While the whale’s $2.69 million transfer was notable, it does not erase the general trend. Large investors are still interested, and volumes show that demand is growing.
Overall, the Worldcoin whale move of $2.69 million has caused speculation. However, it looks more like strategic profit-taking than a red flag. The investor’s remaining $9.36 million in holdings speaks to long-term belief in the project.
As of writing, Worldcoin’s rally is supported by institutional funding. These factors, combined with the rising trading activity, show that WLD is still a token worth watching.
Reza Khosravi brings sharp analytical insight to the world of cryptocurrency. With extensive experience in technology reporting, he focuses on translating complex crypto trends into accessible content for his audience, making him a trusted voice in Iran’s evolving digital economy.
