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How Worldcoin's $WLD Surged to $8 - What's Behind the Surge?

How Worldcoin’s $WLD Surged to $8 – What’s Behind the Surge?

Worldcoin, which has become the talk of the cryptocurrency market, has seen unprecedented growth in its native token, $WLD, which has increased by more than 200% in a short period. The Iris biometric cryptocurrency project led by Sam Altman has created a stir among cryptocurrency investors. Its value has surged to $8, representing a remarkable 42.60% increase in the last 24 hours and a staggering 200% increase on the weekly chart.

A Milestone Achievement

Big news! The WorldCoin community is celebrating as its World app, the platform’s wallet, hit a major milestone – it now has over one million users!
This news This amazing achievement, announced on February 17, 2024, marks a series of wins for the WorldCoin project. Additionally, the growth in user numbers matches the growth in the price of its token WLD, creating a positive environment for the entire WorldCoin community.

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Tokenomics and Supply Overview

Let’s break down the tokenomics of WorldCoin in simple terms.
Currently, there are 10 billion WLD coins, worth approximately $74.71 billion. But only 130.76 million of those $WLD coins are in circulation in the actual market, which is only 1.31% of the total.

Where do all these coins go now?
So 75% of them go to the WorldCoin community.
9.8% to the initial development team.
13.5% to TFH investors.
1.7% goes to TFH reserves.
The top 10 holders collectively own a whopping $9.15 billion of WLD, which is 91.5% of the total supply.
Some of the bigger players in the game include Teneo, which holds $75 million $WLD following the 3AC liquidation, valued at $579 million, and Alameda, which holds the FTX bankruptcy estate, which holds $25 million $WLD, valued at $193 million. Is million.

Apart from all this, WorldCoin has managed to raise a whopping amount of $240 million through three funding rounds. They are also backed by some big names like Blockchain Capital, Andreessen Horowitz, Bain Capital Crypto, Coinbase Ventures, Digital Currency Group, Khosla Ventures, 1Confirmation, and Blockchain Ventures.

How Worldcoin's $WLD Surged to $8 - What's Behind the Surge?
How Worldcoin’s $WLD Surged to $8 – What’s Behind the Surge?

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Insider Worldcoin Trading Insights

Let’s talk about what’s been happening with WorldCoin in the cryptocurrency world recently. Over the past week, the three big players, also known as whales, have pulled out $2.8 million of WLD (which adds up to about $21 million) from exchanges like Binance and OKEx.

Now, let’s talk about some smart moves made by a savvy trader nicknamed “SmartMoney” with the wallet address “0x0258”. This trader bought 267,062 $WLD on November 1 (which cost him $534,000), then sold them on December 19, making a nice profit of $519,000 (that’s a whopping 97% gain!). And that’s not all – in another trade, he bought 282,448 $WLD (worth $784,000) on January 12, and recently sold them, making a nice profit of $1.08 million (that’s a massive increase of 137%!).

All this action, coupled with some smart moves by investors, has taken the cryptocurrency world by storm. People are excited to see what’s to come in the coming weeks!

Investment Disclaimer:

This information is for educational purposes only and is not financial advice. Cryptocurrency investments involve risks. Consult with a financial advisor before investing. Past performance does not guarantee future results. Opinions expressed are personal.

Simon Brown

Hi there! I'm Simon Brown, a passionate writer delving into the exciting realm of cryptocurrency. From dissecting crypto news to making bold predictions, I cover it all. Join me on this thrilling journey through blockchain, NFTs, and beyond!

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