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Worldcoin (WLD) Soars 33% After Listing on Major Crypto Exchanges Despite Criticism and Concerns Over Circulating Supply

Worldcoin (WLD), the token of the World ID project founded by OpenAI co-founder Sam Altman, has seen a 33% gain in value after being listed on major crypto exchanges on July 24. Despite criticism from some in the crypto sector, WLD's performance on its first day of trading surpassed that of Bitcoin, Ether, XRP, and other cryptocurrencies. However, some traders are concerned about WLD's circulating supply versus its supply cap, as only 1% of the total supply is currently in circulation.

The token launch entailed 143 million WLD being issued, with 100 million allocated to market makers and the remainder distributed to investors who verified their identity through iris scanning. Despite concerns about price stability and long-term valuation, WLD has been listed on several major exchanges and has a 24-hour trading volume exceeding $348 million.

Bitcoin Bitcoin $94,995.88
-2.95%
Worldcoin Cryptocurrency
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