1. Worldcoin’s WLD token surged more than 200% in the past week, benefiting creditors of bankruptcy fund Three Arrows Capital (3AC), but it may face headwinds as $165 million of tokens were unlocked this week.
2. 3AC participated in a $25 million funding round for Tools For Humanity, the developer of Worldcoin, a controversial project that aims to scan people’s eyes for digital IDs and tokens.
3. Another group of creditors that could benefit is FTX Assets, as founder Sam Bankman-Fried invested in Worldcoin before facing fraud charges, and a large number of WLD token transactions are related to his company.
4. WLD’s recent rally is attributed to OpenAI’s launch of Sora, which has led traders to view WLD as a bet on OpenAI’s success, resulting in a nearly 50% rally in the past 24 hours, with a fully diluted valuation of $75 billion.
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Worldcoin’s rocketing WLD token could benefit Three Arrows Capital and FTX’s creditors.
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