The Worldcoin (WLD) project, backed by Tools of Humanity (founded by OpenAI CEO Sam Altman), has witnessed a significant price increase, nearly tripling in the past week. This bullish trend coincides with several interesting developments, including altcoin distribution to early investors, integration with a dApp, and growth in user adoption. Now let’s examine the details…
Worldcoin rose 3x this week
According to TradingView data, WLD price increased by over 180% in a week, reaching $6.9. This has pushed its market value towards the $900 million level. As we reported as Kriptokoin.com, OpenAI introduced “Sora”, an artificial intelligence model that can convert text into video, on February 16. This positive news for the AI industry has likely impacted Worldcoin and other AI-related cryptos.
CoinGecko data reveals an 8% daily increase in the total market value of AI coins, reaching $15.3 billion. Bittensor (TAO), Render (RNDR) and Fetch.ai (FET) witnessed gains of up to 40% this week. On the Worldcoin side, the team marked a major milestone by announcing 1 million daily active users for their proprietary wallet “World App”.
There are altcoins in the liquidation wallet!
Scopescan data reveals that the address marked “Teneo: 3AC Liquidation” (associated with the liquidation of Three Arrows Capital) holds $602 million in crypto assets. It is noteworthy that 94.1% of the $567 million value of this wallet is in WLD tokens (75 million units). This represents one of the largest WLD assets globally.
Zhu Su, co-founder of Three Arrows Capital, recently accepted his 2021 investment in Worldcoin despite negative public reaction. He clarified that he would not personally benefit from WLD’s performance, but expressed satisfaction that 3AC creditors held significant amounts of tokens.
The rise of Worldcoin also affected DMail
Meanwhile, DMail, an email service for Web3, rose nearly 40% to $0.7444 at its peak on February 19. This jump in price can be attributed to DMail announcing that it was among the first dApps to integrate Worldcoin login functions, offering users a convenient way to access their platform.
Recent developments surrounding Worldcoin paint a complex picture. While the token’s price increase and user growth are positive indicators, the involvement of liquidated funds from Three Arrows Capital raises questions about long-term sustainability. Additionally, the impact of OpenAI’s advances in AI on the broader AI crypto space cannot be ignored.
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