One of the notable movements in the cryptocurrency market in recent days is around WLD, the native token of the Worldcoin ecosystem. Large-scale purchases, especially from institutional investor-linked wallets, have made this altcoin one of the most talked about assets in the market. WLD, which gained approximately 4 percent in value in the last 24 hours, re-entered investors’ radar by approaching the $ 0.50 level. This rise is supported not only by the price increase, but also by volume and on-chain data.
Corporate Wallet Move and Increasing Volume Draw Attention
According to information shared by on-chain data platform Lookonchain, a wallet linked to Multicoin Capital purchased a total of 60 million WLD by spending 30 million USDC via an over-the-counter (OTC) transaction. This purchase, which took place at an average level of $ 0.50, was interpreted as a strong corporate demand signal in the markets. This move may indicate a long-term investment strategy, as OTC transactions generally aim to buy large amounts without directly affecting the market.
On the other hand, Santiment data shows that transaction volume for WLD has increased dramatically. Volume reached $1.46 billion on Wednesday, marking the highest level of the year and marking activity not seen since July 2024. This increase in volume reveals that not only individual investors but also large players are showing interest in the market. Additionally, whales holding assets between 1 million and 100 million WLD appear to have accumulated more than 150 million tokens in total during the recent price pullbacks.
Technical Outlook and Market Agenda
On the technical analysis side, the chart reflects cautious optimism. Although the general structure still looks weak on the four-hour chart of the WLD/USDT parity, the recent rise has strengthened the possibility of a short-term recovery. It is stated that if the price exceeds the daily resistance around $0.56, the 50-day exponential moving average of $0.63 can be targeted. The fact that the RSI indicator moves upwards at the 49 level also indicates that the buyers are starting to gain strength again. However, for this momentum to be permanent, it is considered critical for the RSI to settle above the 50 level.
These developments dovetail with a broader picture of increasing institutional interest in the crypto market. As a matter of fact, recently there were reports that similarly large funds were purchasing another popular altcoin. It seems that especially artificial intelligence and authentication themed projects have come to the fore again in line with 2025 expectations. This shows that projects like WLD are evaluated not only by their short-term price movements, but also by their long-term narrative.
To make an overall assessment, the recent rise in WLD is not only driven by speculative buying but also strong volume and institutional interest. However, the fact that technical indicators have not yet confirmed a clear upward trend requires investors to remain cautious. The reaction of the price against critical resistance levels in the coming days will determine whether this movement will be permanent or not.
