Worldcoin ($WLD) Surges In Optimism Ecosystem But Faces Investor Woes

Worldcoin ($WLD) has emerged as a dominant force within the Optimism ecosystem, showcasing remarkable growth over the past year.

The number of unique addresses holding $WLD skyrocketed from 477,000 in August 2023 to a staggering 4.7 million by August 26, 2024. This rapid expansion highlights a strong surge in community engagement and growing interest in the token.

In terms of transaction volume, $WLD has consistently outperformed other tokens in the Optimism ecosystem. On

August 19, 2024, for example, Worldcoin saw a transaction volume of $650 million, significantly outpacing the $354 million recorded by $OP on the same day. This performance underscores Worldcoin’s increasing prominence and activity within the crypto space.

https://twitter.com/felixreads/status/1829573154735358386?t=PySU0qxfp77ixuvEPV5utw&s=19

However, despite these impressive metrics, a significant challenge remains for $WLD holders. Approximately 80% of investors are currently “out of the money,” meaning that the majority of $WLD holders are experiencing losses. This financial strain on investors has raised concerns about the token’s long-term sustainability.

Reports Reveal Large Holders Are Selling Off $WLD 

Adding to the worries, there are reports from sources like Crypto Condom suggesting that venture capitalists and large holders, including goat farmers, are consistently selling off $WLD, putting additional pressure on the token’s price and affecting retail investors.

Moreover, the supply of $WLD is expanding rapidly, with weekly inflation rates at 9.56%, monthly inflation at 40.95%, and a staggering 245.72% increase over six months. If this trend continues, the $WLD supply is projected to be 498.27% larger within a year, potentially exacerbating the current challenges faced by investors.

This is your your friendly reminder that @worldcoin is going to trend to zero. At a $15.1 BILLION dollar FDV, $WLD is exit liquidity for the goat farmers & VCs who are dumping on retail heads daily. $WLD supply inflates 9.56% every week$WLD supply inflates 40.95% every month… pic.twitter.com/noGNdbMZ8g

— CryptoCondom (@crypto_condom) August 28, 2024

While $WLD’s growth within the Optimism ecosystem is undeniable, these inflationary pressures and investor losses suggest that the road ahead may be bumpy for Worldcoin.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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