In the past week, Worldcoin’s multi-signature wallet (0xE79…1a3) distributed 5.3 million $WLD tokens, worth approximately $12 million, to five major market makers.

This latest round of distribution is part of an ongoing effort by the Worldcoin team to enhance liquidity in the market.

Since April 29, Worldcoin’s multi-signature wallet has been actively distributing $WLD tokens to prominent market makers, including Wintermute, GSR, Flow Traders, Auros Global, and Amber.

Over the past six months, a total of 44.9 million $WLD tokens, valued at $103.27 million, have been allocated from the Worldcoin Foundation’s cold wallet to these firms.

WorldCoin Continues Climbing In AI And Blockchain Sectors

Beyond token distributions, Worldcoin has been making significant strides in the AI and blockchain sectors. The project recently hosted a major event unveiling several innovations, including the Orb 2.0, an upgraded human verification device powered by advanced NVIDIA chips. This launch also introduced a more comprehensive World App, a new digital wallet, and mini-apps designed to enrich the user experience.

Additionally, Worldcoin has rolled out its own Ethereum Layer 2 solution, marking a significant step in the project’s blockchain development. Perhaps the most noteworthy announcement is the introduction of Worldchain, Worldcoin’s proprietary blockchain network.

As the AI sector heats up, there’s increased interest in how these developments will affect the price and market performance of $WLD in the coming days. While some fear the dilution caused by the token distributions, others are eager to see how these strategic moves will impact the project’s long-term growth and adoption.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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