Worldcoin (WLD) has shown significant gains in the past 24 hours, making it the top performer among the top 100 cryptocurrencies. The price of WLD has surged by 23.6% to reach $6.50, marking its highest level in three weeks. With a market cap of $1.32 billion, Worldcoin currently holds the 70th position in the digital currency market.

The daily trading volume of Worldcoin has seen a 109% increase, reaching $520 million. Additionally, data from Santiment reveals that the total open interest for WLD has grown by 21.5% in the last day, reaching $160.3 million.

The surge in trading volume and open interest indicates a higher level of price volatility, driven by whale activity and potential liquidations. The total funding rate for WLD has dropped from 0.008% to 0.001% over the past 24 hours, suggesting an increase in short positions as traders bet on a price decline.

Worldcoin’s exchange inflow stands at 454,380 WLD, while the outflow is at 542,360 WLD, resulting in a net outflow of 87,980 coins in 24 hours. Despite bearish expectations, some investors are accumulating Worldcoin based on on-chain movements.

The Relative Strength Index (RSI) for WLD has increased from 40 to 54 in the last 24 hours, indicating that the asset is slightly overheated. An RSI below 50 could signal a stable price increase for Worldcoin.

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