Decoding Worldcoin’s Doubling Profit: Unraveling the Surge of WLD to $8
Worldcoin’s native token, $WLD, has experienced a remarkable surge, skyrocketing by over 200% in just one week, capturing the attention of the crypto community.
The iris biometric cryptocurrency project, led by Sam Altman, has made waves in the broader crypto market, with its price reaching an impressive $8. This represents a staggering 42.60% increase in the last 24 hours and an astounding 200% surge on weekly charts.
In a major milestone, the Worldcoin community proudly announced that their World App, Worldcoin’s wallet, has now surpassed 1 million subscribers this week. This achievement was reached on February 17, 2024, and marks a series of breakthroughs for the Worldcoin project. The growing adoption of the project aligns perfectly with the ongoing rally in WLD prices, creating a positive momentum for the Worldcoin ecosystem.
Taking a closer look at Worldcoin’s tokenomics, the total supply of 10 billion WLD coins is valued at an impressive $74.71 billion. The circulating supply accounts for a modest 1.31% of the overall total, with 130.76 million $WLD in circulation. The distribution plan includes 75% for the Worldcoin Community, 9.8% for the Initial Development Team, 13.5% for TFH Investors, and 1.7% for TFH Reserve.
The top 10 holders collectively own a staggering 9.15 billion $WLD, representing 91.5% of the total supply. Notable holders include Teneo, with 75 million $WLD valued at $579 million, and Alameda, with 25 million $WLD valued at $193 million.
Worldcoin has successfully raised $240 million across three financing rounds, securing support from major investors such as Blockchain Capital, Andreessen Horowitz, Bain Capital Crypto, Coinbase Ventures, Digital Currency Group, Khosla Ventures, 1confirmation, and Blockchange Ventures.
In the past week, three major investors withdrew a total of 2.8 million $WLD ($21 million) from Binance and OKX, showcasing smart trading tactics.
One example of smart trading was demonstrated by “SmartMoney” with the wallet address of “0x0258”. This trader bought 267,062 $WLD ($534,000) on November 1 and sold on December 19, realizing a profit of $519,000 (+97%). Another trade involved 282,448 $WLD ($784,000) on January 12, resulting in a profit of $1.08 million (+137%).
The recent surge in Worldcoin’s price, combined with intelligent moves from investors, has created excitement in the crypto scene. Observers eagerly anticipate what the upcoming weeks have in store for Worldcoin.