Key Points
- WLD approaches $0.50 following a 3.7% increase in the past 24 hours.
- This rally coincides with a $30 million purchase of 60 million WLD tokens by a wallet linked to Multicoin Capital.
Multicoin Capital’s Significant Purchase of WLD Tokens
The native cryptocurrency of the Worldcoin ecosystem, WLD, is showcasing strong performance, ranking among the top 100 cryptocurrencies by market capitalization. The token surged nearly 4% in the past 24 hours and is now trading close to $0.50.
This uptick comes after data from Lookonchain revealed that a wallet associated with Multicoin Capital spent $30 million in USDC stablecoins to acquire 60 million WLD tokens at an average price of $0.50 via over-the-counter (OTC) transactions.
A wallet (0xf000) linked to Multicoin Capital spent $30 million in $USDC to buy 60 million $WLD at $0.50 via OTC. pic.twitter.com/wFp7dyOTGp
— Lookonchain (@lookonchain) December 25, 2025
This acquisition highlights a robust institutional demand for the cryptocurrency. Additionally, Santiment data reveals that WLD’s trading volume reached an impressive $1.46 billion on Wednesday, marking a yearly high not seen since July 2024.
The growth in trading volume indicates increasing interest and liquidity among traders, bolstering positive market sentiment. Furthermore, Santiment’s supply distribution data indicates that certain large holders, or whales, are accumulating WLD during recent price drops. These whales, holding between 10 million and 100 million tokens, along with those with 1 million to 10 million tokens, have amassed a total of 150.59 million WLD tokens from Sunday through Thursday.
WLD Faces Resistance at $0.58 Amid Bullish Sentiment
Despite adding 4% to its value in the past 24 hours, the WLD/USDT four-hour chart appears bearish and ineffective. At press time, the token was trading around $0.498, with potential for a short-term rise.
If bullish momentum continues, WLD could extend its rally towards the daily resistance level at $0.56. A successful close above this level could target the 50-day exponential moving average (EMA) at $0.63.
The relative strength index (RSI) on the four-hour chart stands at 49, indicating a neutral stance at 50, which suggests bullish momentum. However, to maintain this upward trend, the RSI must breach above the neutral level.
Conversely, if bullish players fail to capitalize on this momentum, WLD may face a correction, potentially retreating to a recent low of $0.47.
