Token

World

Worldcoin

The post <a href="https://coinpedia.org/news/worldcoin-price-hit-new-all-time-high-boosting-alameda-researchs-investment-beyond-50m/">Worldcoin Price Hit New All-Time High, Boosting Alameda Research’s Investment Beyond $50M</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The overall 200% surge in Worldcoin’s WLD token value has caught the attention of market participants, particularly as it could potentially benefit creditors of prominent investment firms like Three Arrows Capital (3AC) and FTX, said Su Zhu in his X post. However, a significant hurdle lies around positivity: the scheduled unlocking of tokens worth $165 million is set to occur until February 26th, according to <a href="https://token.unlocks.app/worldcoin-wld">data </a>from Token Unlocks.&nbsp; 
<h2 class="wp-block-heading" id="h-su-zhu-s-insights-will-token-unlocking-hinder-progress">Su Zhu’s Insights: Will Token Unlocking Hinder Progress?</h2> 
Worldcoin’s ambitious project revolves around the controversial idea of scanning individuals’ eyes in exchange for a digital ID and tokens. Tokens are distributed based on early involvement, spread over two years, with 10% available immediately via the Orb’s wallet app.&nbsp; 
Making room for speculation, Three Arrows Capital’s involvement in Worldcoin’s journey includes a notable $25 million investment in the project’s developer, Tools For Humanity, which has recently been valued at a substantial $1 billion. Similarly, this is how FTX’s founder, Sam Bankman-Fried, entered the scene as an early investor.&nbsp; 
While Zhu personally may not reap the rewards of WLD’s performance, he expresses satisfaction in knowing that 3AC creditors hold significant WLD positions globally despite the skepticism surrounding the investment in Worldcoin back in 2021. 
Another party likely to benefit from the token’s rise is the FTX estate. However, this aspect is clouded by the fact that Bankman-Fried is currently facing allegations of fraud following FTX’s bankruptcy. 
This is backed by Bankman-Fried’s accounts, which received $185 million in WLD tokens in August 2023, according to <a href="https://platform.spotonchain.com/en/platform/entity/79?tokens=WLD">SpotOnChain</a>. Blockchain transactional history shows the same Worldcoin address sent $35 million to $170 million to multiple addresses in the same month. 
The 50% jump in WLD’s value is not isolated; it coincides with the launch of Sora, a text-to-video generator developed by OpenAI. This connection to OpenAI, a company sharing the same founder, Sam Altman, as Worldcoin’s parent company, has led some traders to view WLD as a speculative bet on OpenAI’s potential success. 
Despite criticisms, the surge in WLD prices, inching close to the $8 mark, aligns with the bullish outlook shared by analysts and 3AC co-founder Su Zhu. 
<h2 class="wp-block-heading" id="h-where-s-worldcoin-heading-nbsp">Where’s Worldcoin Heading?&nbsp;</h2> 
Interestingly, Worldcoin is at its peak and expected to surpass all-time highs and hit over $7, which has pushed its valuation to a whopping $75 billion. It’s important to note that this surge coincides with a planned release of 10 billion WLD tokens over 15 years, with initial allocations subject to a one-year lock-up period. 
Similarly, analyst Ali Martinez also predicted Worldcoin’s breakout from an ascending parallel channel on its daily chart, suggesting a potential rise to $15, possibly even $26. This surge is fueled by factors like whale accumulation, which boosted prices by nearly 25%, and the growth of the project’s wallet, World App, further supporting upward momentum.

Worldcoin Price Hit New All-Time High, Boosting Alameda Research’s Investment Beyond $50M

Table of Contents

CoinPedia News

Other articles published on Feb 20, 2024

Binance Lists $STRK, Expands Trading with New Token Pairs

AI-Generated Voices Rally for Gun Control – Advocates Deploy Deceased Loved Ones’ Voices to Urge ...

eBay Reportedly Cuts 30% Web3 Workforce Amid NFT Marketplace Struggle

Crypto Ransomware Operator LockBit Website Taken Down By International Enforcement Agencies

Coinbase earnings suggest strong year ahead, though challenges abound

Mathematician Says the Future of Economics Is Quantum, Not Bitcoin

Join our free newsletter for daily crypto updates!