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- Worldcoin has discontinued its Orb verification program in India, Brazil, and France.
- The price of WLD recently hit an all-time high.
Worldcoin (WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, has shut down its controversial Orb verification system in three major markets: India, Brazil, and France.
This sudden setback comes just months after the project launched its helmet-shaped eye-scanning device in these countries.
In a statement to TechCrunch, Tools for Humanity, the foundation that oversees the development of Worldcoin, claims the suspension occurred because Orbs is only available for a “limited time” on these markets.
The move comes a week after the project. presentation Launch of “World ID 2.0”, a protocol upgrade and integration with other platforms including Reddit, Telegram, Minecraft, Shopify and Mercado Libre.
WLD recently hit an all-time high.
According to data from CoinMarketCap, on December 17, the price of WLD hit an all-time high of $4.70. An on-chain valuation for the token showed that demand for WLD had risen to a four-month high a day earlier.
AMBCrypto found that the number of daily active addresses that completed at least one transaction involving WLD on December 16 totaled 766. This is a 215% increase from the 76 addresses recorded the previous day.
Similarly, as the number of new addresses created for WLD transactions increased, new demand also surged.
According to data from st tlyAccording to , the number of new WLD addresses on this day was 334, an increase of 363% compared to 76 new addresses the previous day.
Source: Santiment
WLD whales are not left out as they have completed many transactions involving altcoins.
As of December 16, there were a total of 73 WLD whale transactions exceeding $100,000, according to Santiment. This is the second highest number of daily whale transactions since the token launch.
There were 21 whale transactions worth more than $1 million on this day, the highest since August.
Source: Santiment
Realistic or not, the market cap of WLD in ETH terms is:
Additionally, the P/L ratio of daily volume increased to a 30-day high as the altcoin stabilized at $4.70 on December 17. For every WLD trade that ended in a loss on the day, 5.36 trades returned a profit.
Currently trading at $3.74, WLD has lost 23% of its value since its December 17 peak, CoinMarketCap data shows.