The cryptocurrency world is now home to many players. It’s not just individual investors anymore. Whales and market makers holding significant amounts have become a reality in this market. GSR Markets is one of them. Now, they have moved their WLD holdings after the recent price surge.
A Appetizing Increase in Worldcoin Price
Last week, one of the most talked-about topics was the removal of Sam Altman from his position as CEO of OpenAI. Following the development, Worldcoin experienced a significant drop, and the price dropped from $2.5 to $1.9.
Due to the rapid and sudden nature of these developments, discussions about Altman’s return to his position emerged. There are internal debates on this matter. Differences of opinion have also arisen. However, regardless of the outcome, the possibility of Sam Altman returning to his position has already had a positive impact on Worldcoin.
GSR Markets Transferred Millions to Exchanges as the Price Rose
Within the past 24 hours, the price of Worldcoin rose to $2.60, making an impressive surge. When the price reached this level, the renowned market maker GSR Markets made a move and transferred 1,386,000 WLD worth $3,340,000 to three cryptocurrency exchanges. The development was reported by EmberCN.
Looking at the move, it can be seen that 1 million WLD was transferred to the Binance cryptocurrency exchange. On the other hand, 358,000 WLD was moved to the Bybit exchange, and 28,000 WLD was transferred to Gate.io. After the move, there was a slight pullback in the price. The price dropped from $2.60 to $2.38.
Where Will the Worldcoin Price Go?
The future evolution of Altcoin Worldcoin will likely be determined by the developments at OpenAI. The possibility of positive developments pushing the price even higher is very high. On the other hand, a market correction could trigger a price decrease.
So far, the $2.60 level has acted as a resistance point for altcoin Worldcoin. WLD has attempted to break through this point twice, but the attempts have been unsuccessful. The support level can be said to be $1.82. For now, it seems that the price will continue to move within this range.
