Worldcoin has transferred 20.66 million WLD tokens, valued at $27.07 million, to the Kraken exchange, according to on-chain data from Ember. This move increases the total WLD tokens on Kraken to $59.07 million, potentially to enhance liquidity or operational flexibility. Despite an 11.32% decline in WLD's price over the past week, top holders have accumulated 491,000 tokens over six days, as reported by Nansen. Santiment data indicates a net outflow of $4.78 million from exchanges, suggesting that tokens are being held off-chain, a pattern often associated with accumulation before price increases. Analysts are divided on the potential outcomes, with some concerned about sell pressure if Kraken's holdings are liquidated, while others see the accumulation by large holders as a sign of confidence in WLD's long-term value.