Worldcoin WLD/USD Surged Sharply Thursday, Outstripping The Gains Of Coins With A Much Higher Market Cap

Blockchain-based identity verification project Worldcoin WLD/USD surged sharply Thursday, outstripping the gains of coins with a much higher market cap.

Worldcoin (CRYPTO: WLD) surged sharply Thursday, outstripping the gains of coins with a much higher market cap.

What Happened: Worldcoin was the second best-performing token in the cryptocurrency market over the past 24 hours, spiking more than 7%.

This came on a day when blue-chip coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remained glued to their ranges.

Worldcoin's trading volume surged 74% to $275 million in the last 24 hours, indicating significant buying pressure.

The rally comes after Kenyan authorities discontinued an inquiry into the project’s alleged misuse of customers’ personal data, reported Reuters.

Kenya was among the first countries to launch an investigation into Worldcoin's collection of users' irises, leading to a suspension in August last year. With the probe dropped, Worldcoin is expected to resume operations.

See Also: This Trump-Related Token Is ‘Massively Undervalued,’ Touts Trader

Worldcoin, launched by OpenAI Chief Sam Altman last year, has faced intense scrutiny over the nature of its operations.

The project collects people's irises to authenticate their humanness and creates a digital ID, making them eligible to receive free WLD tokens.

However, concerns about privacy breaches and data misuse have surfaced, prompting enforcement action in several countries.

The project's suspension was extended in Spain earlier this month. Before that, it was asked to shut down all its operations in Hong Kong.

At last check, WLD was trading at $3.03, up 7.2% in the last 24 hours, according to data from Benzinga Pro.

News source：https://www.kdj.com/cryptocurrencies-news/articles/worldcoin-wldusd-surged-sharply-thursday-outstripping-gains-coins-market-cap.html

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