- Worlcoin’s recent rally is generating significant interest among cryptocurrency users.
- WLD has gained about 80% in the past two weeks.
- Riyad Carey observed significant WLD buying activity on Binance in the past 24 hours.
Worlcoin’s WLD token has embarked on an upward movement, generating significant interest among cryptocurrency users. The newly created crypto token has gained about 80% of its value in the past two weeks. Riyad Carey, a renowned crypto researcher, observed significant WLD buying activity on Binance in the past 24 hours and thinks it is a notable development for the novel blockchain token.
$WLD rallying more than 5% on about $1mn worth of net buying on Binance in the past 6 hours pic.twitter.com/VjEv4S49Kc— Riyad Carey (@riyad_carey) September 25, 2023
Carey used data from Kaiko, the cryptocurrency data-providing platform, to analyze WLD’s recent behavior. The researcher shared a screenshot showing a net buying of about $1 million worth of WLD on the Binance exchange within six hours. That buying activity resulted in a 5% rally for the Worldcoin native crypto token, leaving signs that users may be accumulating WLD.
The information shared by Carey revealed WLD’s cumulative volume across multiple crypto exchanges, including Uniswap, Bithumb, Bybit, Kucoin, OKX, and Binance. As of yesterday, September 25, only Binance showed a significant spike in the cumulative volume metric. Notably, Binance is also the exchange with the highest rate of depreciation in WLD cumulative volume in the past week.
Worldcoin launched in July 2023 and generated significant interest after listing in multiple exchanges. An influx of users saw the newly created token’s price skyrocket within a few hours. WLD rallied to $5.290 before retracing and closing its first trading day at $2.161. That volatility did not surprise crypto users, as it is regular with many new projects, especially those hyped significantly.
WLD has traded sideways for the past two months. It ranged between $2.525 and $0.972. The crypto token’s recent rally established a mid-term resistance at $1.724, according to data from TradingView. As of the time of writing, WLD traded for $1.726 as it attempts to overcome the mid-term resistance and potentially aim for higher levels.
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