Sam Altman’s Worldcoin Surges 170% in a Week with 1 Million Daily Users
Worldcoin, co-founded by OpenAI’s Sam Altman, has experienced a remarkable 170% price surge following the announcement of OpenAI’s video creating model Sora.
According to CoinMarketCap, Worldcoin is trading at $6.83 at the time of writing, marking a staggering 165% increase from the $2.5 price tag a week ago. With the current price, Worldcoin’s market cap is near $900 million.
On Feb. 18, the company also posted on social media to announce that the daily active users of World App have exceeded one million, setting the new milestone for the project.
The blockchain analytics platform Spot On Chain pointed out that Alameda Research holds 25 million WLD tokens, about 19% of the circulation supply.
The $WLD skyrocketed 163% (7D) to a new ATH of $6.69 today!
Note that #Alameda Research still holds 25M $WLD ($167M), ~19% of the circ supply.
They received those $WLD from #Worldcoin on Aug 15, 2023, when the price was only $1.78 (~$44.4M) and still left the tokens untouched.… pic.twitter.com/7K9o5aqJbP
— Spot On Chain (@spotonchain) February 19, 2024
“They received those WLD from Worldcoin on Aug 15, 2023, when the price was only $1.78 (~$44.4M) and still left the tokens untouched,” said Spot On Chain.
Worldcoin started as a digital identity project that uses blockchain technology to verify users’ identities securely. Founded by Sam Altman, Max Novendstern and Alex Blania, the initiative rewards individuals with its WLD token for participating in iris scans.
The project’s distinctive feature, the “Orbs,” are devices designed for these iris scans. While innovative, they have raised privacy concerns among regulators and the public.
Aimed at supporting Universal Basic Income (UBI), Worldcoin proposes a new model for distributing wealth using
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