Worldcoin (WLD) Price Rally Extends to 80%, Big Whales Accumulate

WLD, the native cryptocurrency of Sam Altman’s Worldcoin Project, has registered 80% gains over the last week. As of press time, the Worldcoin (WLD) price is trading up by 18.76% at $4.50 with a market cap of $584 million. Also, the trading volume for Worldcoin has jumped by 115% in the last 24 hours to $602 million, as per data on CoinMarketcap.

Worldcoin (WLD) Whale Action

In the midst of the ongoing buzz surrounding AI, Worldcoin (WLD) has witnessed a notable 20% surge in its price, garnering attention from investors and leading to substantial profits for a mysterious whale trader, as reported by Spot On Chain just two days ago.

Referred to as wallet 0x0007, this whale tactfully withdrew 2.09 million WLD tokens valued at $5.82 million from Binance, marking its initial significant acquisition in WLD.

As a result, the price of WLD, the 120th largest cryptocurrency, surged by over 25%, contributing an additional $2.15 million to the whale’s holdings, now totaling an impressive $8.03 million.

Worldcoin appears to be on the cusp of a breakthrough. Following a 77% surge over five days, it is approaching the $4.35 weekly resistance level. If WLD closes above this level, it may reach an all-time high of $5.29.

WLD Price Surge Amid OpenAI’s Sora Project Buzz

The sudden ascent of Worldcoin has left many puzzled, with speculation abound regarding the potential influence of OpenAI’s latest venture, Sora, on its meteoric rise. Sora, touted as an advanced AI technology capable of transforming text prompts into lifelike movies, has sparked widespread interest in its potential to revolutionize content creation methods.

As curiosity surrounding Sora intensifies, OpenAI remains vigilant regarding its potential misuse. the AI giant has opted to restrict access solely to a select group of researchers tasked with addressing technical issues and upholding ethical standards.

Meanwhile, the involvement of prominent figure Sam Altman in Sora-generated videos underscores the burgeoning fascination with AI-driven content creation tools. This convergence of human ingenuity with AI innovation signifies a notable advancement in the ever-evolving digital landscape, ushering in new possibilities for creative expression and technological innovation.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.