GSR Markets has been actively trading Worldcoin (WLD) on exchanges including Bybit and Gate.io, as reported by Spot on Chain on X on Wednesday. The firm bought 675,000 WLD tokens, equivalent to $1.05 million, in a single day and sold 1.697 million WLD over the past week.
Despite the recent sales, GSR Markets retains a significant stake in Worldcoin. The firm currently holds 10.368 million WLD tokens, valued at $16.07 million.
The trading activity by GSR Markets coincided with a notable increase in the price of Worldcoin. The cryptocurrency saw a 6% surge, reaching a peak of $1.64 before settling at $1.6.
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