Worldcoin (WLD) and XRP (XRP) Emerge as Thursday's Biggest Gainers as the Broader Market Moves Sideways

WLD, the native currency of the blockchain-based identity verification project, popped more than 9%, emerging as the best-performing cryptocurrency in the last 24 hours.

Worldcoin (WLD) and XRP (XRP) were among the biggest gainers Thursday morning as the broader cryptocurrency market moved largely sideways.

WLD, the native currency of the blockchain-based identity verification project, popped more than 9% to lead the market's gainers over the last 24 hours. The coin's trading volume also surged 86% to $182 million, reflecting huge demand from investors.

The rally followed the launch of a new model, "o1," by OpenAI, marking a step toward the company's goal of achieving human-like artificial intelligence. OpenAI CEO Sam Altman launched the Worldcoin project last year.

Among other highlights, XRP recorded healthy gains, jumping 4.42% in the last 24 hours. The seventh-largest cryptocurrency was the market's biggest large-cap gainer in this period.

The positive momentum came on the heels of asset management giant Grayscale Investments launching a new XRP Trust. The trust aims to expose accredited investors to the price moves of XRP.

Grayscale dissolved its earlier XRP trust in January 2021 after the SEC filed a lawsuit against Ripple Labs, the firm using XRP for its product offerings.

Here’s a snapshot of the top gainers and losers over the last 24 hours, according to data from Benzinga Pro.

Benzinga's Take: Worldcoin's huge gains and surging trading volume signaled strong demand from investors, especially in the context of a new launch by OpenAI, a company known for its advances in artificial intelligence. XRP's gains were also noteworthy, given the recent attention on the SEC's lawsuit against Ripple Labs, which heavily utilizes XRP.

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