A Binance address has reportedly received 600,000 WLD tokens from Amber Group. They are collectively worth $1.42 million. The series of transfers began on May 04, 2024, and has already reached a total of 4.15 million for approximately $17.08 million. For reference, a single WLD is listed at $2.41, up by 6.37% in the last 24 hours, at the time of writing this article.
The projected increase in the WLD token to $3.07 in the next 5 days and $7.78 in the next 30 days coincides with the transfer. The monthly surge will translate to a growth of 230.05%. The transfer of WLD tokens to the Binance address may indicate upcoming sales, allowing for the realization of profits. The 14-day RSI is somewhat neutral at 47.54. So, heavy fluctuations are less likely unless the market levies the influence of Ether ETH.
Investors are willing to get on board with Worldcoin tokens. This is evident from the Fear & Greed Index, which has 71 points for the token. Overall, sentiments remain neutral, with less speculation of jumps or falls.
The token may recover from its low. It has fallen by 2.91% in the last 7 days and 10.51% in the last 30 days. The crypto market is recovering, with BTC inching closer to its ATH and ETH waiting to reflect the sentiments around its ETF approval.
The report about Worldcoin receiving a $200,000 fine in Buenos Aires also makes the transfer noteworthy in the market. Worldcoin is believed to have violated the National Consumer Defense Law. Plus, authorities have reportedly concluded that the platform was not conducting due diligence ID checks. This allowed users below the age of 18 years to register their biometric information.
In April, consumer defense authorities initiated the investigation. It went on to cover aspects such as a lack of clarity about user data collection procedures.
Predictions for WLD are bullish. More details about the ongoing incident could hamper the movements on price charts. Simply put, the token is predicted to rise; however, it may experience a decline in value if the case takes an unfavorable turn. The incident has only been reported in Buenos Aires province.
Previous reports indicated a 15% increase in Sam Altman’s Worldcoin following investor and team lockup extensions. The development dates back to July 16, 2024, when the token was also up by 26% in a single day. The most recent update pertains to OpenAI closing a deal to increase the company’s value to $80 billion. CB Insights has stated that OpenAI is now one of the most valued companies across the globe, behind the likes of ByteDance and SpaceX.
It is little known if more WLD tokens will be transferred, considering the series started on May 4, 2024, and there is no detail about when it will conclude.