Key takeaways
- WLD approaches $0.50 after rising about 3.7% over the past 24 hours.
- The rally follows a $30 million USDC purchase of 60 million WLD tokens by a wallet tied to Multicoin Capital.
Multicoin Capital–linked wallet buys 60 million WLD tokens
WLD, the native token of the Worldcoin ecosystem, ranks among the top 100 cryptocurrencies by market capitalization. The coin has climbed nearly 4% in the last 24 hours and is trading near $0.50.
The price uptick followed a report from Lookonchain showing that a wallet linked to Multicoin Capital, the thesis-driven investment firm, spent 30 million USDC to acquire 60 million Worldcoin tokens at an average price of $0.50 via an over-the-counter (OTC) trade.
This institutional-sized purchase underscores growing institutional demand for the token.
Data from Santiment also shows WLD’s trading volume surged to $1.46 billion on Wednesday — the highest daily volume this year and the largest since July 2024. Rising volume reflects renewed trader interest and improved liquidity for Worldcoin, supporting the recent price advance.
Santiment’s supply distribution data further indicates accumulation by larger holders following recent price dips. Whale addresses holding 10–100 million WLD and 1–10 million WLD collectively added 150.59 million WLD between Sunday and Thursday.
WLD eyes resistance at $0.58 amid the rally
The WLD/USDT four-hour chart shows a downtrend that has lost momentum, despite the token’s roughly 4% gain in the past 24 hours. At press time, WLD trades around $0.498 and could extend gains in the near term.
If bullish momentum continues, WLD could push toward the daily resistance near $0.56. A sustained close above that level may open the path to the 50-day exponential moving average (EMA) around $0.63.
The Relative Strength Index (RSI) on the four-hour chart sits at 49 and is moving up toward the neutral 50 level, suggesting building upward momentum. For a stronger bullish outlook, the RSI needs to climb above neutral territory.
Conversely, if buyers cannot maintain momentum, WLD may face a pullback toward the recent support around $0.47.