A notable event in the cryptocurrency sphere saw a savvy investor’s wallet, known by the handle 0x4a9, swell by a staggering $2.15 million due to a significant price jump in Worldcoin (WLD). This 25% price increase occurred on February 16 and exemplifies the digital currency market’s capacity for rapid and substantial financial gains.
Strategic Worldcoin Withdrawal Pays Off
The transaction was first spotted by Spot On Chain, a blockchain analytics platform, when 2.09 million WLD tokens were moved from Binance to the 0x4a9 wallet, resulting in the wallet’s value soaring to $8.03 million as Worldcoin’s price climbed. Spot On Chain highlighted this accumulation as the whale’s first significant investment in WLD, with the tokens valued at $6.01 million at the time of reporting.
Diverse Portfolio Enhances Gains
In a separate investment move, on October 7, 2023, the investor had previously removed 468,279 WLD from Binance when each token was worth $1.66, amounting to roughly $779,000. Subsequent reinvestment in the exchange when the token price was approximately $3 led to an 80.3% profit of $626,000. However, by not holding onto the assets, the investor missed out on an additional 25% increase in value.
Another investor, controlling the 0x8d7 wallet, also demonstrated their financial acumen by earning through a variety of cryptocurrency investments. This investor gained $542,000 from trading in Big Time (BIGTIME) and Uniswap (UNI), with a 105% profit from BIGTIME alone. The activities of these investors reflect a trend in leveraging a mix of digital assets to maximize returns.
With Worldcoin currently poised for a breakthrough, recently climbing 77% and now challenging the weekly resistance level at $4.35, a close above this threshold could set the stage for the cryptocurrency to pursue its record high of $5.29.