$1M Worldcoin Whale Buy Triggers Rebound Hopes Amid Ongoing Seller Dominance

A significant whale purchase of Worldcoin (WLD) has sparked bullish hopes for a potential rebound. The investor acquired 3.32 million WLD tokens worth approximately $1.028 million at an average price of around $0.3095, which is near the cryptocurrency's crucial support zone.

The accumulation was spread across multiple transactions and time intervals to minimize slippage and allow the wallet to build a sizable holding without causing an immediate price spike.

This isn't the first instance of this investor accumulating WLD. They had previously purchased approximately $10.41 million worth of the token before selling nearly $10 million, generating an estimated realised profit of around $670,000.

However, despite the significant purchase, Worldcoin's spot-market order flow remains dominated by sellers, indicating that broader demand is still weak.