Crypto analyst and trader known on the Twitter/X social media platform as Ali has tweeted that Worldcoin (WLD) launched by OpenAI founder Sam Altman in July this year may see a big price move as whales seem to be getting ready for this.
Whales withdrawing WLD from exchanges en-masse
Ali tweeted that the Worldcoin transaction count skyrocketed today, on December 14, as cryptocurrency whales withdrew approximately 3.6 million WDL from crypto exchanges. Ali concluded that whales are “gearing up for a big price move.”
#Worldcoin is witnessing some interesting on-chain activity!
A massive exchange outflow of 3.6 million $WLD has coincided with a spike in whale transactions. This may indicate #WLD whales are gearing up for a big price move. pic.twitter.com/75BIVZCM8l
— Ali (@ali_charts) December 14, 2023
Among these whales was cryptocurrency company Amber Group. According to the blockchain sleuth @OnchainDataNerd several hours ago, it withdrew 2.02 million WLD from OKX exchange – that is more than 50% of the aforementioned whale transactions which witnessed a massive spike today.
2 hours ago, @ambergroup_io withdrew 2.02M $WLD ($5.09M) from #okx.
Their current balance is 2.64M ($6.88M).
Are they bullish for the upcoming Worldcoin ID 2.0 update? pic.twitter.com/oYFygZIzzX
— The Data Nerd (@OnchainDataNerd) December 14, 2023
Today, Worldcoin has already witnessed an impressive 12.78% price surge. However, it was followed by a big red candlestick on an hourly chart, making it suffer a 6.11% drop. WLD is exchanging hands at $2.55 at the time of this writing.
The massive price surge and the above-mentioned whales’ withdrawals were likely caused by the recent major upgrade rolled out by Worldcoin.
World ID 2.0 upgrade arrives
The Worldcoin team has announced the launch of a major upgrade – Worldcoin ID 2.0. They have expanded their system of digital identity by including biometric authentication by face and adding support for several widely spread online services.
There are three levels I the upgraded ID – “World ID device level”, “World ID Orb” and “World ID Orb+”. They all ensure a much better level of digital ID verification. Besides, World ID 2.0 works much faster than the previous version (about 24 times faster), the Worldcoin team stated in a recently published blog post with details of the upgrade.
The popular global services that have integrated World ID now expanded to games and social media, as well as online commerce platforms – Minecraft, Telegram, Shopify and Mercado Libre.
Sam Altman announced on X that OpenAI has renewed ChatGPT+ subscriptions. Altman has been recently restored in the position of OpenAI CEO after he was fired by the management board and invited by Microsoft to join their newly opened AI department.
