Worldcoin’s WLD Token Witnesses a Remarkable 200% Surge in Profits: Discover the Factors Behind Its Impressive Growth
Prepare to have your mind blown this week! Worldcoin’s native token, $WLD, led by Sam Altman, has caused quite a stir as it skyrocketed over 200% in just one week. The price has reached an impressive $8, showing a remarkable 42.60% increase in the last 24 hours and an astonishing 200% surge in the weekly charts. Investors are captivated by this incredible rise and are eagerly keeping an eye on the crypto market to see what comes next.
But that’s not all. Worldcoin’s community is celebrating a major milestone as well. The World App, the project’s wallet, has surpassed 1 million subscribers on February 17, 2024. This achievement aligns perfectly with the surging $WLD prices, generating positive momentum for the Worldcoin ecosystem.
The growing popularity of the World App signifies a series of breakthroughs for the Worldcoin project. It’s the first wallet built specifically for Worldcoin and has gained an impressive 1 million daily users this week. The community behind this project is truly incredible.
Taking a closer look at Worldcoin’s tokenomics, the total supply of 10 billion WLD coins is valued at an astounding $74.71 billion. Within this framework, the circulating supply accounts for 130.76 million $WLD, which makes up a modest 1.31% of the overall total.
However, 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.
When we delve into the top 10 holders, we find that they collectively own a staggering 9.15 billion $WLD, representing 91.5% of the total supply. Notable holders include Teneo, with 3AC Liquidation (75 million $WLD, $579 million), and Alameda, with an FTX Bankruptcy Estate (25 million $WLD, $193 million).
Worldcoin has also achieved success in its funding rounds. The project has raised a whopping $240 million across three financing rounds, gaining 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In terms of trading tactics, some significant players have withdrawn a total of 2.8 million $WLD ($21 million) from Binance and OKX in the past week.
Highlighting the smart trading activity, a trader with the wallet address “0x0258,” known as “SmartMoney,” has shown sharp buying strategies. This trader bought 267,062 $WLD ($534,000) on November 1 and sold them on December 19, realizing a profit of $519,000 (+97%). Similarly, a subsequent trade involving 282,448 $WLD ($784,000) on January 12 resulted in a recent sale with a profit of $1.08 million (+137%).
With the recent surge in Worldcoin’s price and strategic investor moves, anticipation is growing in the crypto scene. Observers are eagerly looking forward to what the upcoming weeks hold for this dynamic cryptocurrency project. Worldcoin’s journey has only just begun, and the future looks incredibly promising.