Worldcoin Price Hits New ATH: Alameda Research’s Investment Soars Beyond $50M

The recent surge of Worldcoin’s WLD token by a whopping 200% has captivated the market’s attention, especially with potential benefits for creditors of major firms like Three Arrows Capital (3AC) and FTX, as noted by Su Zhu in his recent X post.

However, a significant hurdle looms: the unlocking of $165 million worth of tokens, set to happen by February 26th, according to data from Token Unlocks.

The Token Release Dilemma

Worldcoin’s bold project, involving eye scans for digital IDs and tokens, has piqued interest. Participants receive tokens over two years, with an immediate 10% accessible via the Orb’s wallet app.

Making room for speculation, Three Arrows Capital’s involvement in Worldcoin’s journey includes a notable $25 million investment in the project’s developer, Tools For Humanity, which has recently been valued at a substantial $1 billion. Similarly, this is how FTX’s founder, Sam Bankman-Fried, entered the scene as an early investor. 

Read More: Worldcoin’s 2x Profits: Understanding Why WLD Jumped to $8

A Look Into FTX’s Potential Gains

While 3AC creditors stand to gain, the FTX estate is poised for benefits, despite Bankman-Fried facing allegations of fraud in the aftermath of FTX’s bankruptcy. SpotOnChain’s data reveals a significant influx of $185 million in WLD tokens to Bankman-Fried’s accounts in August 2023, raising eyebrows about the token’s role in the ongoing legal turmoil.

The recent 50% surge in WLD’s value aligns intriguingly with the launch of Sora, a text-to-video generator by OpenAI. With Sam Altman, a common founder with Worldcoin’s parent company, OpenAI’s success is intertwined with WLD’s surge, leading some traders to view it as a speculative bet on OpenAI’s potential triumph.

The Outlook? Still Optimistic!

Despite the criticisms surrounding Worldcoin’s controversial approach, WLD’s prices inching towards the $8 mark resonates with the bullish outlook shared by analysts and 3AC co-founder Su Zhu. The current valuation at over $7, catapulting to an impressive $75 billion, coincides with a planned release of 10 billion WLD tokens over 15 years, with initial allocations subject to a one-year lock-up period.

Also Read: WLD Price Explodes 540%: What Worldcoin Whales are Doing to Unlock Profits

Analyst Predictions

Analyst Ali Martinez predicts a breakout for Worldcoin from an ascending parallel channel on its daily chart, projecting a potential rise to $15, and possibly even $26. Factors such as whale accumulation, boosting prices by nearly 25%, and the growth of the project’s wallet, World App, add fuel to the upward momentum, solidifying Worldcoin’s position in the volatile cryptocurrency market.