Binance moves 10M WLD across 5 addresses – Worldcoin extends its slide to $0.36

Worldcoin [WLD] is down about 5% in the past 24 hours, extending this week's losses to more than 17%. Over the past two weeks or so, WLD has dropped from $0.58 to the current prices of $0.36. This extended decline has several causes, including Binance's hack, selling from both large and small investors, and capital flight. Here is how: Why is Worldcoin crashing? Whales and exchanges are dumping Worldcoin tokens at a very high speed. For instance, Binance transferred 10 million WLD, redistributing them across five addresses at the time of the press. Each of these addresses received 1.485 million WLD tokens. The transaction count of over 1 million coins has increased from 4 to 18, more than quadrupled in a day.

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