Crypto analyst Ali Martinez, launched by OpenAI founder Sam Altman worldcoin (WLD) whales commented on their movements. Martinez stated that WLD whales give interesting signals before a major price movement.
Worldcoin trading volume skyrocketed after powerful whales withdrew 3.6 million WLD tokens from cryptocurrency exchanges, analyst says stated.
#worldcoin is witnessing some interesting on-chain activity!
A massive exchange outflow of 3.6 million $WLD has coincided with a spike in whale transactions. This may indicate #WLD whales are gearing up for a big price move. pic.twitter.com/75BIVZCM8l
NEWS CONTINUES BELOW— Ali (@ali_charts) December 14, 2023
According to blockchain tracking tool OnchainDataNerd, the wallet belonging to the company named Amber Group withdrew 2.02 million WLD tokens on the OKX exchange. This equates to more than half of the current whale movement.
2 hours ago, @ambergroup_io withdrew 2.02M $WLD ($5.09M) from #okx.
Their current balance is 2.64M ($6.88M).
Are they bullish for the upcoming Worldcoin ID 2.0 update? pic.twitter.com/oYFygZIzzX
— The Data Nerd (@OnchainDataNerd) December 14, 2023
Worldcoin price attracted attention today with an impressive price increase of 12.78%. However, this was followed by a large red candlestick on the hourly chart, resulting in a decline of 6.11%. WLD was trading at $2.55 at the time of this writing.
Worldcoin Announces “World ID 2.0” Upgrade
The Worldcoin team announced the launch of Worldcoin ID 2.0, a major upgrade for the network. They have expanded their digital identity systems to include facial biometric authentication and added support for a variety of commonly used online services.
There are three levels of upgraded ID – “World ID device level”, “World ID Orb” and “World ID Orb+”. All of these provide a much better level of digital identity verification. In a recent blog post detailing the upgrade, the Worldcoin team stated that World ID 2.0 runs much faster (about 24 times faster) than the previous version.