Worldcoin (WLD) has recorded a 40% plunge over the last 30 days, diving to an 11-month-low of $1.36 on Aug. 5, per data from crypto.news. While the broader cryptocurrency market recovered some of its losses, WLD continues to struggle.
Worldcoin's Commercial Struggles
WLD declined by 2.7% in the past 24 hours and is trading at $1.53 at the time of writing. Following the monthly decline, the asset lost its seat among the leading 100 cryptocurrencies and is currently sitting at the 103rd spot with a total market cap of $560 million.
Increase in New Addresses
According to data provided by Santiment, the number of Worldcoin daily active addresses increased by 19.2% over the past day — currently at over 330,000. Moreover, the number of new WLD addresses created per day has also increased by 133% since Aug. 18 — rising from 4,900 to 11,500, showing increased interest from new users despite the asset’s price fall in a month.
Analysis of Active Addresses
The data also shows that the number of whales holding between 1 million and 10 million WLD tokens surged from 14 to 18 over the past month. With the latest price dynamic, over 92% of the WLD holders are currently at a loss, per data from IntoTheBlock. More than 4,000 addresses have accumulated the asset between $7.9 and $10.6, according to ITB. At this point, only 2% of the WLD holders are in profit and the remaining addresses are in a neutral zone.
Despite the significant price drop and the rise in the number of holders at a loss, interest in Worldcoin continues to grow, as seen from the increase in new addresses and active users.
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