Worldcoin (WLD) value soared nearly 30% today following aggressive whale accumulation, sparking renewed speculation it may challenge the $2 mark.
Key Takeaways:
- Large wallets expanded holdings from 6.94 million to 7.25 million WLD, signaling strong institutional buying pressure.
- Whales are amassing WLD as a result of the new AMPC initiative, steering the token’s bolquantum-secure architecture, underpinning investor confidence.
- With RSI elevated yet not overbought and strong long/short ratios, WLD could first test $1.40–$1.50 before eyeing $2.00.
Worldcoin (WLD) experienced a massive price spike, reaching a gain 25%+ gain, marking its strongest performance in months. Whale wallets and the unveiling of its anonymized multi-party computation (AMPC) initiative were believed to be the key drivers that strengthened the token’s rally. According to a recent report from crypto.com, WLD’s token rally was triggered by a tripled trading volume over the past 24 hours, reaching over $934 million exchanged between trades, exhibiting strong token demand among investors.
AMPC Launch Boosts Investor Confidence
In a blog from their official website, World announced to the public its AMPC launch, which is likely the reason why whales started to accumulate substantial amount of WLD token, triggering a significant boost in investor confidence to the token.
This development appears to have catalyzed investor interest, with on-chain metrics showing a resilient rise in mean-coin average (MCA) and Chaikin Money Flow (CMF), signaling accumulation by long-term holders.
Market Data Shows Momentum Holding
As of this writing (13:30 UTC), WLD trades at approximately $1.295 according to TradingView, a 22% gain over the past 24 hours, reaching a two-month high. The price of the token has reached intraday highs near $1.30 and lows at approximately $1.03, according to CoinGecko’s real-time market data. Futures markets are also showing bullish inclination, with the long/short ratio around 1.09, implying more bets on upside. Meanwhile, the Smart Money Index (SMI) climbed to a 48-day high, underscoring institutional enthusiasm.
Trading activity is also a key factor that reinforced WLD’s strength in rally as trading volume soared. On-chain reports vary between $1 billion and $1.19 billion, marking increases of 176% to over 210% in recent sessions. On the technical front, while precise RSI readings aren’t available, breakout patterns and momentum indicators hint the token isn’t yet in extreme overbought territory. Analysts point to a breakout above $1.34–$1.40 as likely catalysts for extending the rally toward $1.50–$1.64.
$2 Target Still Challenged by Resistance
While $2 remains a significant increase, roughly 60% above current levels, the convergence of whale buying, AMPC-driven confidence, and technical breakout potential make it plausible over the medium to long term. Resistance at $1.40–$1.50 remains the first hurdle, and further institutional support or broader market recovery would be needed to clear the path higher.
What’s Next
Worldcoin’s massive spike in token price, thanks to whale accumulation and AMPC launch, has restored momentum and investor confidence. With strong technical signals and institutional inflows, WLD looks poised to test the $1.40–$1.50 resistance zone. Whether it can sustain the momentum toward $2 will depend on continued buying pressure and broader market sentiment in the weeks ahead.
Summary
Worldcoin (WLD) surged nearly 30%, trading around $1.30, after whale wallets expanded holdings to 7.25M WLD and the project unveiled its AMPC initiative. The accumulation, paired with tripled trading volume (~$1B+), boosted investor confidence and pushed WLD to a two-month high. Technical indicators show strong momentum with long/short ratios favoring upside, though resistance at $1.40–$1.50 must be cleared before a potential move toward the $2 target. The rally reflects both whale conviction and renewed institutional interest.
