Worldcoin’s Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply

Worldcoin’s Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply

Since August 11, 2023, the number of unique digital wallets storing the iris-scanning cryptocurrency worldcoin (WLD) stood around 468,466. But in the weeks since, ownership of the fledgling crypto has expanded by over 26% to 591,633 wallets. However, worldcoin’s value has moved in the opposite direction — plummeting over 35% against the U.S. dollar in the past 30 days. Currently, the digital asset trades at 62% below its all-time high price.
Vast Majority of WLD Tokens Held by Top Wallets
The brainchild of Openai CEO Sam Altman, worldcoin (WLD) burst onto centralized crypto exchanges in late July 2023. The cryptocurrency aims to verify users’ identities by scanning their irises. The project also plans to address financial inequality and online identity authentication through its World ID feature.
On its July 24 debut, WLD struck its zenith of $3.30 per token. But since that apex, the price has nosedived. Now fluctuating between $1.20 and $1.38, worldcoin recently plunged to an al

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