🌎 Worldcoin Sees 40% Drop Yet New Addresses Surge by 133%

Worldcoin has faced significant challenges over the past month, with a growing number of holders experiencing losses. Despite this, new addresses for the cryptocurrency are on the rise.

Worldcoin (WLD) has seen a substantial 40% decline over the last 30 days, hitting an 11-month low of $1.36 on August 5. While the broader cryptocurrency market has shown some recovery, WLD continues to struggle.

As of the latest data, WLD has fallen by 2.7% in the past 24 hours, trading at $1.53. This decline has resulted in WLD losing its position among the top 100 cryptocurrencies, now ranking at the 103rd spot with a market cap of $560 million.

According to data from Santiment, the number of daily active addresses for Worldcoin has increased by 19.2% in the past day, reaching over 330,000. Additionally, the number of new WLD addresses created daily has surged by 133% since August 18, growing from 4,900 to 11,500. This indicates a rising interest from new users despite the recent price decline.

Data from IntoTheBlock reveals that the number of whales holding between 1 million and 10 million WLD tokens has increased from 14 to 18 over the past month. Notably, over 92% of WLD holders are currently at a loss. More than 4,000 addresses have accumulated the asset at prices between $7.9 and $10.6. At present, only 2% of WLD holders are in profit, with the remaining addresses in a neutral zone.