Worldcoin Value Tumbles 24% in a Week Amid Rising Unique Addresses

Worldcoin Value Tumbles 24% in a Week Amid Rising Unique Addresses 

Worldcoin's (WLD) value tumbled 24.6% in a week, while its two-week performance reveals a 21.4% dip. However, amidst market turbulence, the number of unique addresses surged by 14.61%, with 59,745 new wallets joining the fold in five days after 408,721 addresses were recorded.

Worldcoin Users Claim 15.82 Million WLD, Market Struggles Despite Addresses Surge

The rising momentum continues as Worldcoin attracts more attention, drawing in 2.2 million users who have registered to use iris scans. These users have successfully claimed a total of 15,825,757 WLD.

However, while user claims accelerate, a two-week market analysis confirms a 21.4% loss against the USD in addition to a 24.6% slump over the past week. Although Worldcoin hit an all-time high 18 days ago, the price has since plummeted by 48.18%, shedding its gains from the July 24 peak of USD 3.30.

Currently trading at USD 1.71 per WLD, the coin hovers 2.85% above its all-time low of USD 1.66, also set on the same day. Five days ago, unique addresses witnessed a 148% upswing, a number that has further escalated by 14.61% after the publication of the news report.

Presently, the WLD smart contract shows 468,466 addresses holding WLD. Worldcoin commands two smart contract addresses, securing 72.7628% of the holdings, 55.4380%, and 17.3248% respectively. Meanwhile, Binance, the third-largest wallet holder, controls 12,095,562.94 WLD, making up 6.7623% of the circulating supply.

Select Few Dominate WLD Distribution 

The top 100 WLD holders collectively hold a staggering 94.27% or 168,611,629.94 of the total WLD supply. The coin also sees traction on decentralized exchange (DEX) platforms, peaking in WLD swaps on August 8, 2023.

As of August 11, Binance emerges as the most active WLD exchange, with the WLD/USDT trading pair leading the charts at a trading volume of USD 26,373,919 in the last 24 hours. Other crypto exchanges contributing to WLD trading include Okx and Bitget.

Despite swelling unique addresses and user claims, it's important to note that a select few, including Worldcoin's wallets and several market makers, still dominate distribution.

What is your take on the worldcoin supply and its current distribution? Please share your thoughts and opinions about this subject in the comments section below.