Worldcoin (WLD) Surges 40% in 24 Hours, Reaches All-Time High at $9
Worldcoin's token, WLD, has demonstrated exceptional growth by continuously breaking records and surpassing a $1 billion market cap.
On February 22nd, the WLD token from the Worldcoin user identity project saw an impressive 40% surge, reaching a new price peak of $9. Over the monthly timeframe, the token has surged nearly 300%, with a 140% increase over the weekly period.
Chart of WLD/USDT on the 1D timeframe captured at 10:00 AM on February 23, 2024, on Binance
The number of Worldcoin registrations has also significantly increased, exceeding $3.5 million, with an additional 1 million users added since the beginning of this year, according to data from worldcoin.org.
The initial spike in Worldcoin's value was attributed to the launch of Sora, an AI model capable of converting text into video. Sora, co-owned with Worldcoin, is supported by Tools of Humanity, a company founded by Sam Altman, the creator of ChatGPT.
Read more: AI Token "Shakes Up" with OpenAI's New Sora Tool
However, these two products do not share any purpose of use, which further emphasizes the projected growth of WLD driven by upcoming significant news.
Tiago Sada, Head of Product, Engineering, and Design at Tools for Humanity, hinted at this in an interview with The Block:
"We are extremely excited about some other important announcements that Worldcoin is about to make. But for now, I'll let you wait and see."
The rise of WLD has also benefited several key investor groups. Notably, bankrupt platforms like Three Arrows Capital (3AC) participated in a $25 million funding round for Tools For Humanity. Former FTX CEO Sam Bankman-Fried (SBF) also invested in a Series A round in October 2021.
