The Investor Who Accumulated Altcoin Regularly Says Goodbye to Loss by "Selling the News"!
Cryptocurrency whale sold to stop the loss he made due to the artificial intelligence-focused altcoin.
According to data transmitted by the on-chain analysis platform Lookonchain, a cryptocurrency whale decided to sell when he lost 50 thousand dollars on his investment in Worldcoin (WLD), founded by OpenAI's CEO Sam Altman.
This decision of the investor came as OpenAI introduced the new version GPT-4o and the WLD price started to fall due to the “sell the news” situation.
The investor in question purchased 624,479 WLD worth $3.38 million at a price of $5.42 through the cryptocurrency exchange Binance last month. But when the price of WLD dropped below $5, the whale started panic selling.
Taking action on May 14 to avoid further losses, the whale transferred all 624,479 WLD to Binance.
According to CoinGecko data, WLD, which has lost 12% in value in the last 24 hours, is traded at $ 5.18 at the time of writing.
Shares are for informational purposes only and are not investment advice.
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