Worldcoin, a digital identity token ERC-20 The Ethereum (ETH) blockchain project has received great attention. basic token, worldIt is the best performing cryptocurrency among the top 100 cryptocurrencies by market capitalization.
The token experienced an incredible 31% increase. uptrend It has skyrocketed in just 24 hours and has surged a whopping 217% in the last 14 days. This surge not only marks a new all-time high for WLD, but also has positive implications for Alameda Research, the trading arm of the now-bankrupt FTX exchange that holds a significant stake in Worldcoin.
Alameda Research’s Worldcoin stake reaches $186 million
According to Onchain dataAlameda Research, a cryptocurrency trading firm co-founded in 2017 by Sam Bankman-Fried and Tara Mac Aulay, has seen its Worldcoin holdings surge.
The trading firm’s investment in the project surged $50 million to a new record as WLD reached a record high of $7.9788 on Monday. Alameda Research currently holds 25 million WLD tokens worth $186 million, equivalent to 33% of its total portfolio.
The portfolio also includes other digital assets such as Bitcoin (BTC), BitDAO (BIT), Ethereum (ETH), Stargate Finance (STG), and the FTX token FTT.
Whale activity and AI hype drive WLD’s price surge
Analysts like Zameer Attar originate from The WLD price surge resulted in strong whale activity, with one notable whale wallet withdrawing 2.09 million WLD tokens ($5.82 million) from Binance.
The withdrawal caused a 25% surge in the price of Worldcoin, bringing the whale’s holdings to $8.03 million. Additionally, the launch of OpenAI Sora by Sam Altman, one of the founders of Worldcoin, has led to a strong performance for the WLD token.
Interestingly, Sora can create videos of up to 60 seconds, including highly detailed scenes, complex camera movements, and multiple characters with emotions. A.I (AI) has piqued investor interest, further fueling the optimism surrounding WLD.
Founded by Sam Altman, Alex Blania, and Max Novendstern, Worldcoin aims to revolutionize global identity and financial networks by creating a public utility called World ID.
This privacy-preserving identity network allows users to verify their humanity online while maintaining their privacy by: Zero-knowledge proof. The project has secured significant funding, having raised over $250 million across various funding rounds from investors including a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, and Tiger Global.
The combination of whale activity and positive market sentiment surrounding AI technology has led to a significant surge in the price of Worldcoin.
Featured image from Shutterstock, chart from TradingView.com
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Source: NewsBTC.com