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

In a week that caught the attention of the crypto community, Worldcoin’s native token, $WLD, has experienced an extraordinary surge, skyrocketing by more than 200%.

The iris biometric cryptocurrency project, led by Sam Altman, has sent ripples across the broader crypto market, with its price reaching $8, showcasing a remarkable 42.60% increase in the last 24 hours and an astounding 200% surge on weekly charts.

Major Milestone

The Worldcoin community proudly announced a major milestone in its recent statement, disclosing that the World App, Worldcoin’s wallet, has now garnered over 1 million subscribers this week.

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, three big whales took out 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%).

The recent jump in Worldcoin’s price, combined with smart moves from investors, has lit up the crypto scene. Observers are excited about what’s next in the upcoming weeks.