Worldcoin's WLD Token Skyrockets, Alameda Research Increases its Holdings

By: Eva Baxter

Alameda Research's holding in Worldcoin's native token, WLD, has seen a significant surge over $50 million in the past day, carrying the asset to a new all-time high. Data from crypto analytics platform indicates Alameda currently holds 25 million WLD tokens, valued at $186 million, comprising of 33% of its portfolio worth. The firm's intentions regarding its WLD holdings remain unclear, as it has been holding these digital assets since August 2023.

WLD witnessed an approx. 42% rise over the last day, reaching a new all-time high of $7.63. WLD's rapid price growth has been linked to the notable success of the World App, Worldcoin's first wallet application, which recently surpassed 1 million daily active users. The project has enjoyed rapid adoption despite regulatory scrutiny across various jurisdictions.

Alameda Research's portfolio also includes 1500 Bitcoin valued at $78 million, over 8500 Ethereum estimated around $25 million, and 9 million units of FTX's native tokens valued at $16.38 million. In recent months, Alameda and its affiliated company, FTX, have transferred considerable amounts of digital assets to crypto exchanges as part of their bankruptcy proceedings.