Two newly created cryptocurrency wallets have withdrawn 18.2 million Worldcoin (WLD) tokens from Binance, valued at approximately $17.17 million. The substantial transfer was detected by on-chain analytics platform Lookonchain, highlighting significant whale activity in the digital asset market.
Large-scale withdrawals from exchanges typically signal strategic positioning such as long-term holding, staking arrangements, or preparations for over-the-counter trading. The use of newly generated wallets suggests operational considerations including enhanced privacy measures, asset segmentation for specific purposes, or compliance with decentralized finance protocol requirements.
This movement may reduce immediate selling pressure on WLD tokens, potentially providing price support if the assets remain off exchanges. Market observers note such transactions underscore the influence of major holders on token dynamics, though the specific intent behind this transfer remains unconfirmed.