The AI token, World Coin (WLD), witnessed an impressive surge yesterday, climbing by over 40% to achieve a new all-time high at $7.965.

This remarkable price increase reflects the growing interest and optimism surrounding the Worldcoin project.

Worldcoin has garnered significant attention from investors, having raised a substantial total of $240 million across three rounds of financing. 

5/ Fundraising#Worldcoin( $WLD) has raised a total of $240M in 3 rounds of financing.

Investors include Blockchain Capital, Andreessen Horowitz(a16z), Bain Capital Crypto, Coinbase Ventures, Digital Currency Group, Khosla Ventures, 1confirmation, Blockchange Ventures… pic.twitter.com/AKVafzEnzS

— Lookonchain (@lookonchain) February 19, 2024

Notable investors include Blockchain Capital, Andreessen Horowitz (a16z), Bain Capital Crypto, Coinbase Ventures, Digital Currency Group, Khosla Ventures, 1confirmation, and Blockchange Ventures, among others. The diverse backing underscores the confidence in Worldcoin’s vision and potential within the cryptocurrency space.

Despite the recent surge, today saw a slight pullback in the price of WLD, with a decline of 14% observed. The token is currently trading below the $7 mark, settling at $6.8.

This fluctuation in price is not uncommon in the volatile cryptocurrency market and may present buying opportunities for discerning investors.

On-chain reports from Lookonchain shed light on the activities of a significant player in the WLD ecosystem. “SmartMoney” identified by the wallet address “0x0258,” has demonstrated a keen ability to capitalize on price movements.

SmartMoney strategically purchased 267,062 WLD ($534K) on November 1, selling at a profit on December 19, realizing a gain of $519K (97%).

7/ SmartMoney"0x0258" is very good at buying $WLD at low prices and selling at highs.

Bought 267,062 $WLD($534K) on Nov 1 and sold on Dec 19, making $519K(+97%).

Bought 282,448 $WLD ($784K) on Jan 12 and sold 16 hours ago, making $1.08M(+137%).https://t.co/WAhB3adSO2 pic.twitter.com/0qnlt75Uj4

— Lookonchain (@lookonchain) February 19, 2024

Further showcasing their astute trading acumen, SmartMoney acquired 282,448 WLD ($784K) on January 12, and sold it just 16 hours ago, netting a profit of $1.08 million (137%). However, this rapid selling activity contributed to the 14% decline in the token’s price observed within the past 24 hours.

6/ In the past week, 3 whales withdrew a total of 2.8M $WLD($21M) from #Binance and #OKX.https://t.co/CuPm1ozPazhttps://t.co/xTnV0UUjechttps://t.co/LF4SsA0huQ pic.twitter.com/p2Qp3UXoqq

— Lookonchain (@lookonchain) February 19, 2024

The fluctuating dynamics in World Coin’s price underscore the inherent volatility of the cryptocurrency market. Despite short-term price movements, the underlying fundamentals and investor confidence in the project remain strong, driving continued interest and investment in Worldcoin.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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