Multicoin Capital bought Worldcoin worth 30 million dollars.

As usual, the movements of big players in the cryptocurrency market are closely monitored, while transactions from a wallet associated with Multicoin Capital are drawing attention. The blockchain tracking platform Lookonchain revealed that the wallet with the address 0xf000 linked to Multicoin Capital has made a new purchase. It was determined that this wallet spent a total of 30 million dollars using the over-the-counter (OTC) method to purchase 60 million Worldcoin (WLD).

The average price of this transaction occurred at the level of 0.50 dollars. The reason why the over-the-counter (OTC) method is preferred in such large purchases is to prevent sudden price fluctuations in the markets and to provide an opportunity to accumulate assets in large quantities with less attention. This situation becomes an appealing 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 regarding Worldcoin (WLD). With its infrastructure developed in biometric verification and digital identity, Worldcoin is a noteworthy project in the cryptocurrency ecosystem. Such purchases made by large funds at low price levels are generally interpreted by market participants as a vote of confidence.

For investors, these critical purchases provide important information about market trends and potential price movements. Moves by major players like Multicoin Capital reveal strategies that could impact Worldcoin (WLD) and the overall cryptocurrency market. Therefore, it is important for investors to closely follow these developments and define their own strategies. These purchases may offer opportunities for long-term investments in cryptocurrencies and especially in Worldcoin.