- Millions of WLD tokens have been shipped out of exchanges in recent times.
- Short-term sentiment surrounding the project remains optimistic.
According to smart money tracking account Lookonchain, World currency [WLD] It may have regained the attention of major investors. This also applies to individual whales and institutions in the market. This claim came as a new wallet pulled $6 million worth of WLD from the OKX and Binance exchanges.
How many 1.10, worth 100 WLDs today?
Around the same period, Amber Group, a liquidity provision, asset management and trading platform, also sent 500,000 WLD from OKX. After withdrawing, Amber sent the tokens to a non-fungible wallet. Leading trading company GSR was also not left out of the picture, as it has been building WLD since August 29.
The belief is unshakable
While the reason for the widespread withdrawals was largely unknown, actions like these indicate a possible belief that the token was worth holding for the long term. The perception that Worldcoin could also be supported by price action in recent times.
Unlike most altcoins, WLD’s 30-day performance was an increase of 9.49%. Moreover, according to the chain’s data, the weighted sentiment was 0.224. Weighted sentiment combines positive and negative comments about a project by examining its unique social volume to arrive at a score.
This statistic peaks when the vast majority of messages are positive, and drops when a portion of messages are negative. For WLD the sentiment score has leveled off since October 13, meaning market players are currently neutral on the token’s performance.
Source: Santiment
In addition to the short-term sentiment and the retreat of whale exchanges, it seemed that the retail cohort was also positive about Worldcoin in the long term. This was due to the condition of the balance of addresses.
According to Santiment, the cohort of 1 to 10 million people had the highest ownership of WLD. This cohort has also increased their balance in the last 30 days. Also, the retail segment with 10-100 tokens was not left out, increasing their share to 6.17%.
Source: Santiment
Silence in Altman’s land
however, the activity the Worldcoin network has been somewhat quiet. At the time of writing, there were only 17,800 active addresses. This metric measures the number of different addresses involved transactions on the blockchain.
Realistic or not, here it is WLD’s market capitalization in OP terms
Therefore, the decrease implies that the interaction with WLD has been much less than a few weeks ago. Meanwhile, network growth also slowed. Network growth shows the number of new addresses interacting with a network and can serve as an indicator of adoption.
Source: Santiment
The decrease therefore means that new addresses joining the Worldcoin network will fail to improve the project’s traction.
