By
Godfrey Benjamin
May 15th, 2024
The surge in WLD’s price comes amid a broader uptick in the cryptocurrency market, with Bitcoin and Ethereum leading the way.
Worldcoin (WLD), a digital asset spearheaded by OpenAI’s CEO Sam Altman, is witnessing a substantial price surge alongside the rise of Bitcoin (BTC), the leading crypto asset in the industry.
The digital asset, which serves as a utility token within the Worldcoin ecosystem, is currently priced at $3.93, marking a remarkable increase of 22.40% in the last 24 hours.
So far, the token has seen a 61.50% rise over the past week following the recent rally in the crypto market.
A Crypto Whale Bags $2.5M in Profit
Apart from the surge in value, its trading volume has also seen a substantial boost. In the last 24 hours, the trading volume of WLD has surged by 53.72%, reaching $304,528,264.
The token’s market capitalization was not left behind. According to reports, WLD has experienced a significant upturn in market cap increasing by 22.78% to $508,613,121.
The surge has propelled WLD to become the 120th largest cryptocurrency in terms of market capitalization, solidifying its position among the top digital assets in the space.
Crypto analytics company Spot On Chain revealed on X (formerly Twitter) that a whale gained approximately $2.5 million from the recent price surge of WLD. The whale reportedly moved 2.09 million WLD from Binance, the world’s largest crypto exchange by market capitalization, on Wednesday at a price of $2.78 per token.
Spot On Chain noted that at the time of the transaction, the assets were valued at around $5.82 million. However, after the recent surge in WLD’s price, the value of the assets skyrocketed to $8.03 million.
This wallet is earning $2.15M from $WLD in just 2 days!
2 days ago, our system detected wallet 0x0007 withdrawing 2.09M $WLD ($5.82M) from #Binance at $2.78.
After the #Worldcoin price surged up to 25% today, the wallet’s $WLD value has risen to $8.03M!
Don’t want to miss a… pic.twitter.com/dS86aHweVg
— Spot On Chain (@spotonchain) February 16, 2024
Bitcoin and Ethereum Reaches New Milestones
The surge in WLD’s price comes amid a broader uptick in the cryptocurrency market, with Bitcoin and Ethereum leading the way.
The two largest crypto assets in the industry reached a new milestone of over $52,000 and $2, 800 respectively following renewed interest in the emerging economy after the introduction of the first spot BTC ETFs in the United States.