Worldcoin’s 2x Profits: Here’s Why WLD Token Recorded a 200% Jump

This week is blowing everyone’s minds!

Worldcoin’s native token, $WLD, led by Sam Altman, has created a buzz by soaring over 200% in a week. The price hit $8, showing a notable 42.60% increase in the last 24 hours and an astonishing 200% surge in the weekly charts. Investors are intrigued by this remarkable rise, eagerly watching the crypto market for what comes next.

Major Milestone for World App

Worldcoin’s community is celebrating a major milestone. The World App, the project’s wallet, reached over 1 million subscribers on February 17, 2024. This achievement aligns with the surging $WLD prices, generating positive momentum for the Worldcoin ecosystem.

The growing popularity of the World App indicates a series of breakthroughs for the Worldcoin project.

Examining Worldcoin’s tokenomics, the total supply of 10 billion WLD coins, is valued at an impressive $74.71 billion. Within this framework, the circulating supply accounts for 130.76 million $WLD, making 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.

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

Successful Funding Rounds

Delving into the top 10 holders collectively own a staggering 9.15 billion $WLD, representing 91.5% of the total supply. Notable holders include Teneo, a 3AC Liquidation (75 million $WLD, $579 million), and Alameda, an FTX Bankruptcy Estate (25 million $WLD, $193 million). 

Worldcoin has successfully raised $240 million across three financing rounds, securing support from major investors, including Blockchain Capital, Andreessen Horowitz, Bain Capital Crypto, Coinbase Ventures, Digital Currency Group, Khosla Ventures, 1confirmation, and Blockchange Ventures.

Smart Trading Tactics

In the past week, significant players withdrew a total of 2.8 million $WLD ($21 million) from Binance and OKX.

Highlighting the smart trading activity, “SmartMoney” with the wallet address of “0x0258” demonstrated sharp buying strategies. Notably, the trader bought 267,062 $WLD ($534,000) on November 1 and sold on December 19, realizing a profit of $519,000 (+97%). 

Similarly, a subsequent trade involving 282,448 $WLD ($784,000) on January 12 and a recent sale resulted in a profit of $1.08 million (+137%).

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

Anticipation Grows

With the recent surge in Worldcoin’s price and strategic investor moves, excitement permeates the crypto scene. Observers are eagerly anticipating what the upcoming weeks hold for this dynamic cryptocurrency project. Worldcoin’s journey has just begun, and the future looks promising.