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Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets

Worldcoin's Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets

In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past 24 hours, WLD showcased a rise of more than 15% against the greenback. Furthermore, four days prior, the count of distinct wallets containing WLD surpassed the 500,000 mark.

Worldcoin Plummets Over 50% Since Its All-Time High

According to statistics, the iris-scanning crypto project Worldcoin‘s native token, WLD, has increased 15% in the last 24 hours. Data from July 24 to August 18, 2023, shows WLD has declined 29.1% against the U.S. dollar. Currently, WLD ranks 156 out of more than 10,000 crypto assets listed, with a market value of about $194 million. There’s a circulating supply of 178.9 million WLD, trading at $1.53 each. WLD is down 53.46% from its all-time high on July 24, 2023, its listing date.

Of the 178.9 million WLD in existence, 17.45 million are claimed tokens, according to data from Dune Analytics. On August 14, 2023, the number of wallets holding WLD surpassed 500,000, and as of August 18, there are 531,236 unique addresses. The top wallet, which is the contract, holds 97.52 million WLD, or 54.52% of the supply. The second wallet, also under Worldcoin control, holds 30.98 million WLD, or 17.33% of the current supply. The third-largest WLD holder is Binance’s cold wallet with about 11.7 million tokens or 6.54%.

​​The market maker Wintermute holds the fourth-largest WLD wallet with 7.19 million, or 4.03% of the supply. Worldcoin operates the fifth-largest WLD address with about 3.45 million tokens (1.93%), while the sixth-largest Worldcoin wallet belongs to the crypto exchange Okx. As of August 18, the Okx wallet holds approximately 2.13 million WLD, or 1.19% of the total supply. The six aforementioned WLD wallets control 85.53% of the 178.9 million WLD. The top 100 Worldcoin (WLD) holders collectively own 94.04% of the supply.

In the past 24 hours, WLD has seen about $89.76 million in trade volume. The crypto asset’s $194 million represents 0.018% of the $1.09 trillion crypto economy. The four most traded pairs for WLD are tether (USDT), bitcoin (BTC), USD Coin (USDC) and the Korean won, followed by the U.S. dollar. Tether trades make up 96% of WLD’s 24-hour trade volume. About $1.01 million of the $89.76 million comes from Uniswap v3 on Ethereum, and roughly $190,000 was recorded in the last day on the Optimism version of Uniswap v3, with the most traded pair being WETH.

What do you think about worldcoin (WLD) losing more than 50% of its value since it was first listed at the end of July? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/W64PAdw
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