WorldCoin (WLD), the controversial eye-scan biometric encryption project, surged nearly 185% and hit a new all-time high this week as its user count passed a significant milestone.
The project’s underlying asset, WLD, is trading at $7.40 at the time of this writing. This is up from $2.60 a week ago and $2.48 a month ago.
The 89th-largest cryptocurrency asset by market capitalization also hit an all-time high of $7.95 on Monday morning. Despite a partial retracement since then, WLD is still up nearly 22% in the last 24 hours.
Worldcoin, co-founded by OpenAI CEO Sam Altman, presentation Last Saturday, World App, the first wallet built for the project, surpassed 1 million daily users last week.
World Coin’s Orb is a helmet-shaped peripheral device that scans people’s eyes to confirm their identity.
To use it, traders must first download the Worldcoin app, obtain a compatible cryptocurrency wallet, and then visit Orb to obtain an identification card or World ID. The project has raised privacy concerns around the world.
Alameda Research, the former trading arm of bankrupt cryptocurrency exchange FTX, holds 25 million WLD worth $171 million, according to blockchain analytics platform Spot On Chain. Alameda received WLD from Worldcoin Mint in August.
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