Interestingly, Worldcoin (WLD), the cryptocurrency project founded by OpenAI CEO Sam Altman, continues to experience a rapid rise.
The altcoin, which has increased by 336% in the last month, has experienced a 40% rally in the last 24 hours. With only 1.5% of its total maximum supply of 10 billion tokens in circulation, WLD still managed to increase its price to $10.90.
At the time of writing, WLD’s fully diluted market capitalization (FDV) has climbed to approximately $103 billion. In other words, if all WLD coins were in circulation at the current price, its market value would surpass Tether and become the third largest altcoin.
However, since the coin’s circulation rate is very low, there is a large amount of altcoins waiting to be unlocked. Worldcoin scans people’s irises in various parts of the world and distributes WLD in return.
The reason for the rise in the price of WLD is that Worldcoin founder Sam Altman filed a lawsuit against Spain for banning WLD yesterday and rejoined the OpenAI board of directors.
Worldcoin also postponed its next coin distribution, which was planned to be held two days later, until two weeks later, on March 25. This eliminated $150 million of new supply that was priced by the majority of the market.
*This is not investment advice.
