Worldcoin Surges to New High of $8.4, but Faces Massive Selling Pressure from 3AC and Alameda – How Long Can NVIDIA and Sora’s Incentives Sustain?

Worldcoin, a cryptocurrency project supported by Sam Altman, CEO of OpenAI, has recently seen a surge in value due to impressive financial reports from Nvidia and the release of OpenAI’s new model, Sora. Today, it reached a new high of $8.4, an increase of 8.4%.
(Prior Summary:
Worldcoin’s value has increased by 150% in a week! The number of daily active users has surpassed one million, with a growth rate of 10 times in three months.)
(Background:
Worldcoin’s collection of iris data poses serious privacy risks, prompting the Hong Kong government to conduct extensive searches in six Worldcoin locations.)
Worldcoin, a cryptocurrency project co-created by Sam Altman, CEO of OpenAI, who led the AI wave with the release of ChatGPT, has seen a staggering increase of 175% in value in the past week, reaching new historical highs.
At 2 pm today (22nd), the WLD successfully surpassed $8 and reached $8.4, a surge of over 23% in the past 24 hours. With the rise in token price, the market capitalization of Worldcoin has also surpassed $1.1 billion, making it the 78th largest cryptocurrency.
Further reading:
What is Worldcoin? Introduction to Worldcoin registration and airdrop application process


Did Nvidia and Sora cause the surge in WLD?
As for why WLD could experience such a rapid increase in such a short period, the first surge may be attributed to OpenAI’s release of the new AI model, Sora, on February 15th, which can generate high-quality short videos based on user input text. The market may have transferred its expectations for OpenAI and Sam Altman to Worldcoin, leading to the sudden surge in WLD.
Today’s surge, on the other hand, may be due to Nvidia’s unexpectedly strong financial report, which has driven the rise of all AI-related concept coins and stocks.
Further reading:
OpenAI’s new text-to-video AI model, Sora, shocks the community: Movie-level quality that can disrupt the film industry
However, it should be noted that Worldcoin and Sora are completely different projects, and OpenAI and the official Worldcoin team have not announced any related technical collaboration. Therefore, when facing the market’s overheating and FOMO sentiment, market investors need to exercise risk control and exercise caution in judgment.
Concerns about centralization of WLD holding addresses and whale sell-offs
On the other hand, Worldcoin also has a concern regarding the centralization of token distribution. According to data monitored by the online chain data monitoring platform Lookonchain, the top 10 holders of WLD (including project parties, centralized exchanges, and market makers) collectively hold 9.15 billion WLD, accounting for 91.5% of the total supply.
Overall, the distribution status is still in the early stage, and whether the project can achieve its goal of financial inclusion remains to be verified over time.
Also, please note that:
The bankrupt cryptocurrency hedge fund, 3AC, holds a total of 75 million WLD, accounting for 0.75% of the total supply, approximately $579 million.
Alameda, a sister company of the bankrupt cryptocurrency exchange FTX, holds 25 million WLD, accounting for 0.25% of the total supply, approximately $193 million.
Since these two bankrupt companies are currently facing debt repayment issues, it is not ruled out that they may sell off their holdings at high levels. In the face of potential selling pressure, investors are advised to be cautious as WLD is currently experiencing significant volatility.


Related Reports
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After being kicked out by OpenAI, will Worldcoin become Sam Altman’s next focus?