Multicoin Capital bought $30 million worth of Worldcoin.

As always, the movements of major players in the cryptocurrency market are closely monitored, and transactions conducted by a wallet linked to Multicoin Capital have caught attention. Blockchain tracking platform Lookonchain revealed that the wallet associated with Multicoin Capital, identified as 0xf000, has made a new purchase. It has been determined that this wallet spent a total of 30 million dollars to buy 60 million Worldcoin (WLD) through over-the-counter (OTC) transactions.

The average price for the transaction was approximately 0.50 dollars. The reason for preferring the over-the-counter method in such large purchases is to prevent sudden price fluctuations in the markets and to provide an opportunity to accumulate assets with high volumes while attracting less attention. This becomes a very attractive option, especially for large funds and institutional investors.

This purchase made by Multicoin Capital is considered a sign of a medium to long-term strategy for Worldcoin (WLD). With its structure developed in biometric verification and digital identity, Worldcoin is a notable project in the cryptocurrency ecosystem. Such purchases made by large funds at lower price levels are often interpreted by market participants as a vote of confidence.

For investors, these critical purchases provide significant insights into market trends and potential price movements. The maneuvers of major players like Multicoin Capital reveal strategies that could influence the price of Worldcoin (WLD) and the broader cryptocurrency market. Therefore, it is important for investors to closely monitor these developments and define their own strategies. These purchases may offer opportunities for long-term investments in cryptocurrencies, particularly in Worldcoin.