Saturday, July 20, 2024

Within the 25-day period since Worldcoin’s (WLD) initial listing on July 24, 2023, the cryptocurrency has faced a significant drop of 29% relative to the U.S. dollar. In the past week, this decrease reached over 11%, although WLD managed to grow by 15% against the dollar in the last 24 hours. Before this, the number of unique WLD wallets crossed the half a million mark just four days earlier.

Over 50% Dip in Worldcoin Since Its Record High

Based on data, the iris-scan-based crypto initiative Worldcoin’s native currency, WLD, has seen a 15% growth within the past 24 hours. From July 24 to August 18, 2023, WLD recorded a 29.1% drop against the U.S. dollar. At present, WLD ranks 156th out of over 10,000 listed cryptocurrencies, with a market capitalization near $194 million. With 178.9 million WLD in circulation, trading at $1.53 each, WLD has fallen 53.46% from its highest point on its listing date, July 24, 2023.

WLD’s performance between August 11 and August 18, 2023, is depicted in the chart.

Out of the existing 178.9 million WLD, Dune Analytics reports that 17.45 million are claimed tokens. The number of wallets holding WLD exceeded 500,000 on August 14, 2023, reaching 531,236 unique addresses by August 18. The largest WLD wallet, being a contract, contains 97.52 million WLD, or 54.52% of the total. The second largest, under Worldcoin’s control, has 30.98 million WLD, or 17.33% of the current supply. Binance’s cold wallet is the third largest, with approximately 11.7 million tokens or 6.54%.

As of now, WLD, which is built on Optimism, has recorded 3.8 million transactions.

The market maker Wintermute holds the fourth-largest wallet with 7.19 million WLD, or 4.03% of the total. Worldcoin’s fifth-largest WLD wallet has about 3.45 million tokens (1.93%), and the sixth-largest, belonging to crypto exchange Okx, holds around 2.13 million WLD, or 1.19% of the total supply. Together, these six wallets hold 85.53% of the 178.9 million WLD, with the top 100 holders owning 94.04% of the supply.

In the past day, WLD’s trade volume reached approximately $89.76 million. Its $194 million market cap makes up a mere 0.018% of the $1.09 trillion crypto market. The primary trading pairs for WLD include tether (USDT), bitcoin (BTC), USD Coin (USDC), and the Korean won, with the U.S. dollar following. Tether trades comprise 96% of WLD’s daily trade volume. Of the $89.76 million, Uniswap v3 on Ethereum accounts for about $1.01 million, and around $190,000 was logged in the last 24 hours on the Optimism version of Uniswap v3, where the most traded pair is WETH.

What are your thoughts on Worldcoin’s (WLD) more than 50% depreciation in value since its listing in late July? We welcome your insights and opinions on this subject in the comments below.

Frequently Asked Questions (FAQs) about Worldcoin

What is the significant event that happened with Worldcoin (WLD) since its listing?

Worldcoin (WLD) has faced a notable decline of 53% from its all-time high since its listing on July 24, 2023. Within just 25 days, it experienced fluctuations, including a 29% drop against the U.S. dollar and a brief 15% increase in a 24-hour period. 85% of WLD is controlled by six wallets.

How does Worldcoin (WLD) rank among other cryptocurrencies, and what is its market value?

As of the data up to August 18, 2023, Worldcoin’s native token, WLD, ranks 156th out of over 10,000 listed cryptocurrencies. It has a market capitalization of around $194 million.

Who are the major holders of Worldcoin (WLD)?

The six major wallets hold 85.53% of the total 178.9 million WLD. These include the largest wallet, which is a contract, holding 54.52%, and others under Worldcoin control, Binance’s cold wallet, Wintermute, and the crypto exchange Okx.

What was the trading volume for Worldcoin (WLD) in the last 24 hours?

In the past 24 hours, Worldcoin (WLD) has seen a trade volume of about $89.76 million. The four most traded pairs for WLD are tether (USDT), bitcoin (BTC), USD Coin (USDC), and the Korean won.

How has Worldcoin’s value changed since its all-time high?

Worldcoin’s native token, WLD, is down 53.46% from its all-time high on its listing date, July 24, 2023. Its trading price, market value, and ranking among cryptocurrencies have also fluctuated during this period.


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David O'Conner August 20, 2023 - 1:24 pm

The market is crazy! Down 53% and then up 15% in a day, makes no sense to me. Who’s in control of this.

Timothy R. August 21, 2023 - 12:56 am

85% in 6 wallets, thats concerning. what if they all decide to sell at once.

Megan Lee August 21, 2023 - 1:34 am

Anyone else trading WLD on Okx? wondering if the volume is good there, thx in advance.

John Smith August 21, 2023 - 4:48 am

Cant believe how much WLD dropped, did anyone see this coming? really shocking. not sure if I should invest now…

Sara Adams August 21, 2023 - 5:06 am

i’m new to crypto, is Worldcoin a good buy? Its down a lot, might be a good time to get in.


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