Worldcoin (WLD) Token Price Shoots Over 75% After Listing on Binance
OpenAI chief Sam Altman officially unveiled the Worldcoin Project to the world earlier today on Monday, July 24. Soon after the announcement, some of the biggest crypto exchanges like Binance have lined up to list the Worldcoin (WLD) token on the platform.
This has resulted in a huge rush of investors looking to grab the WLD token in the early stage of the project. Just over the last hour of its listing on binance, the WLD token price is up by more than 60% and is currently trading at $2.97 with a market cap of $228 million.
On Monday, several crypto exchanges including Binance, Huobi, Bybit, and OKX listed Worldcoin’s WLD token. Worldcoin is a highly anticipated crypto project co-founded by Sam Altman, the co-founder of ChatGPT.
Huobi and Bybit have already listed the WLD token, offering options for both deposits and trading. Bybit will enable withdrawals on Tuesday at 10 a.m. UTC, and OKX will do the same. Huobi users can trade the spot WLD/USDT pair, while Bybit has also made the WLD/USDC pair available for trading.
Sam Altman: AI Fervour Would Boost Worldcoin
Worldcoin is an eyeball-scanning crypto project that uses a device called an “orb” to scan people’s eyeballs and in turn, generate their digital identities. In return, the person gets a “world ID” also called “proof of personhood”.
According to Altman and his co-founders, their new method of digital verification is crucial at a time when AI is making it increasingly challenging to distinguish between what’s created by AI and what isn’t.
In an interview with Bloomberg News, Altman mentioned that the excitement surrounding AI has contributed to generating more enthusiasm around Worldcoin. He said:
“There’s much more interest and understanding and excitement, particularly as AI has become more of a factor in the world than when we started the project”.
Tools of Humanity is currently the startup behind developing the Worldcoin project. Alex Blania, the CEO of Tools of Humanity said that they are looking to expand the project in Asian markets, particularly in Japan and South Korea.
They are currently not looking to expand in the US due to regulatory issues and lack of clarity. “There’s clearly a great lack of certainty, to say it as mildly as possible,” Altman told Bloomberg. “I think it’s a shame”. According to Worldcoin’s website, they have received over 2 million signups.
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
