Worldcoin’s Rally Leads to New ATH, Boosting Alameda Research’s Portfolio by $50M

• Worldcoin (WLD) reached an all-time high of $7.99.
• WLD surged 36% yesterday, rising from the $5.89 opening price.
• Alameda Research’s WLD holdings surged by over $50 million.

Worldcoin, the iris biometric cryptocurrency project, achieved a new milestone yesterday when its native crypto, WLD, reached a new all-time high (ATH). The novel cryptocurrency surged by 36% yesterday, rising from a $5.89 opening price to a new ATH of $7.99, according to data from TradingView.

Yesterday’s price surge was part of a sustained price rally during which WLD gained 270% in two weeks. The acclaimed world’s largest digital identity project’s native coin bounced off a local low of $2.15 on February 5, embarking on a steep rally to make remarkable gains over a short period.

Coincidentally, WLD’s price rally coincides with a milestone achievement by the parent project in terms of growth and adoption. On February 17, Worldcoin posted that the number of daily users on its platform had surpassed the one million mark. The cryptocurrency’s total market capitalization rose to $936 million as it climbed to the 81st position on CoinMarketCap’s global crypto ranking.

Notably, Alameda Research stands out as one of the institutional firms holding a significant volume of WLD. Beyond just holding the crypto, there is an observation that the firm’s WLD holding surged by over $50 million recently, thanks to the cryptocurrency’s new ATH.

Data from SpotOnChain, a crypto analysis platform, shows that Alameda Research holds 25 million WLD in its digital asset portfolio. That amounted to $177.25 million, constituting about 50% of the total value of the firm’s digital asset portfolio.

Other crypto assets in Alameda Research’s digital portfolio, according to SpotOnChain, include 100.994 million STG worth $70.14 million, 10,868 WETH worth $31.764 million, 8,552 ETH, equivalent to $25.055 million, and 8.99 million FTT, equivalent to $16.285 million.