Worldcoin's Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets

In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin ($WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past 24 hours, $WLD showcased a rise of more than 15% against the greenback. Furthermore, four days prior, the count of distinct wallets containing $WLD surpassed the 500,000 mark.

Worldcoin Plummets Over 50% Since Its All-Time High

According to statistics, the iris-scanning crypto project Worldcoin‘s native token, $WLD, has increased 15% in the last 24 hours. Data from July 24 to August 18, 2023, shows $WLD has declined 29.1% against the U.S. dollar. Currently, $WLD ranks 156 out of more than 10,000 crypto assets listed, with a market value of about $194 million. There’s a circulating supply of 178.9 million $WLD, trading at $1.53 each. $WLD is down 53.46% from its all-time high on July 24, 2023, its listing date.

$WLD chart between August 11 to August 18, 2023.

Of the 178.9 million $WLD in existence, 17.45 million are claimed tokens, according to data from Dune Analytics. On August 14, 2023, the number of wallets holding $WLD surpassed 500,000, and as of August 18, there are 531,236 unique addresses. The top wallet, which is the contract, holds 97.52 million $WLD, or 54.52% of the supply. The second wallet, also under Worldcoin control, holds 30.98 million $WLD, or 17.33% of the current supply. The third-largest $WLD holder is Binance’s cold wallet with about 11.7 million tokens or 6.54%.

To date, the Optimism-based $WLD has seen 3.8 million transactions.

​​The market maker Wintermute holds the fourth-largest $WLD wallet with 7.19 million, or 4.03% of the supply. Worldcoin operates the fifth-largest $WLD address with about 3.45 million tokens (1.93%), while the sixth-largest Worldcoin wallet belongs to the crypto exchange Okx. As of August 18, the Okx wallet holds approximately 2.13 million $WLD, or 1.19% of the total supply. The six aforementioned $WLD wallets control 85.53% of the 178.9 million $WLD. The top 100 Worldcoin ($WLD) holders collectively own 94.04% of the supply.

In the past 24 hours, $WLD has seen about $89.76 million in trade volume. The crypto asset’s $194 million represents 0.018% of the $1.09 trillion crypto economy. The four most traded pairs for $WLD are tether (USDT), bitcoin (BTC), USD Coin (USDC) and the Korean won, followed by the U.S. dollar. Tether trades make up 96% of $WLD’s 24-hour trade volume. About $1.01 million of the $89.76 million comes from Uniswap v3 on Ethereum, and roughly $190,000 was recorded in the last day on the Optimism version of Uniswap v3, with the most traded pair being WETH.