Worldcoin Plummets Over 50% Since Its All-Time High
Worldcoin’s native token, WLD, has experienced a significant decline of 29.1% against the U.S. dollar from July 24 to August 18, 2023. Currently ranked 156th out of more than 10,000 crypto assets listed, WLD has a market value of about $194 million. Here are the key points:
- WLD has declined 53.46% from its all-time high on July 24, 2023.
- Out of the 178.9 million WLD in existence, 17.45 million are claimed tokens.
- There are 531,236 unique addresses holding WLD, with the top wallet holding 97.52 million WLD.
- Wintermute, a market maker, holds the fourth-largest WLD wallet with 7.19 million tokens.
- The top 100 WLD holders collectively own 94.04% of the supply.
In the past 24 hours, WLD has seen a trade volume of about $89.76 million. The most traded pairs for WLD are tether, bitcoin, USD Coin, and the Korean won. Tether trades make up 96% of the 24-hour trade volume. Overall, WLD represents 0.018% of the $1.09 trillion crypto economy.
Hot Take
Worldcoin’s native token, WLD, has experienced a significant decline since its all-time high. With the top wallets holding a substantial portion of the supply, it raises questions about the token’s decentralization. Despite being ranked 156th, the trading volume for WLD remains considerable. It will be interesting to see how Worldcoin navigates this challenging period and whether it can regain its previous value.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.