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Worldcoin (WLD) surges over 50% in a single day, crypto market maker Wintermute intervenes again

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Worldcoin (WLD) surges over 50% in a single day, crypto market maker Wintermute intervenes again

On-chain analysis shows that prominent crypto market makers GSR and Wintermute accumulated a large amount of WLD tokens before the sudden surge in WLD.

Worldcoin WLD Surges 50% in One Day

According to CoinMarketCap, WLD has surged by 52.77% in the past 24 hours, with a further increase of 61.8% since the 14th. At the time of writing, WLD stands at $1.64.

WLD/USDT Weekly Chart

Crypto Market Makers Accumulate Coins in Advance

Blockchain data analyst The Data Nerd pointed out on the night of the 15th:

  • Market maker GSR has withdrawn approximately 1.43 million WLD tokens from exchanges, valued at around $1.57 million over the past two weeks.

  • Wintermute has accumulated 300,000 WLD tokens in the previous 17 hours.

WLD surged by 10% on the day of the post and skyrocketed thereafter.

Wintermute Transfers 1 Million WLD to Binance

The Data Nerd mentioned on the morning of the 16th that Wintermute transferred 1 million WLD tokens to Binance around 2 a.m., when the price was $1.22.

A month ago, Wintermute received 28 million WLD tokens from the Worldcoin team and still holds 12.1 million, valued at around $18.7 million.

Prior to this, Wintermute received wallets from the CyberConnect team on August 15th, 20th, and 21st, as well as 518,000 CyberConnect CYBER tokens obtained over-the-counter (OTC).

CYBER also surged over 300% in just four days at the beginning of September.

The situations of CYBER and WLD seem to have similarities, and market makers may play a crucial role during price surges.