Worldcoin Rallies as Korean Demand and WLD Open Interest Surge

Worldcoin (WLD) rallied on October 16 as unusually concentrated South Korean trading activity coincided with a sharp expansion in global derivatives positioning. At the time of writing WLD trades at $0.5394, gaining 6.60% during the session. The token opened at $0.5058, fell to $0.4925 and subsequently reached an intraday high of $0.5459. The recovery followed several volatile sessions. Historical market data show that WLD fell approximately 11% on October 12 before recovering part of those losses later in the week. The latest advance is notable for the scale of the accompanying derivatives expansion.

Source: Crypto News Flash