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Worldcoin: Reasons Behind the 110% Surge

Worldcoin: Reasons Behind the 110% Surge

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by Giorgi Kostiuk

2 hours ago

Worldcoin (WLD) has shown impressive growth, reaching a 7-month high due to treasury strategy announcements and technical breakouts.

Overview of Worldcoin's Surge

Worldcoin's price increased by over 45% in 24 hours and 110% this week, sparking market interest. This surge is accompanied by significant treasury strategy announcements.

Impact of Treasury Strategy

The treasury strategy, announced by key figures Sam Altman and Alex Blania, has fostered increased institutional interest and technical breakouts in the market. Analysts emphasize the importance of these factors for WLD's success.

Changes in Trader Behavior

The price surge of WLD has led to changes in trader strategies. Whales increased their holdings from 7.30M to 7.93M WLD, while retail traders engaged in significant token transfers, reflecting evolving market strategies.

The observed rise in Worldcoin highlights a resurgence of investor optimism and may influence the broader cryptocurrency market, despite a lack of direct impact on major cryptocurrencies.

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