Maelstrom Investments of Arthur Hayes said Worldcoin may surge as high as five dollars per token within the next couple months. WLD is a cryptocurrency proxy for AI.
“The AI mega IPOs are coming — and it appears the market has overlooked one of the cleanest proxies,” said Lukas Rauppert, Maelstrom researcher on Wednesday.
AI has exploded in the US. OpenAI, a company based in San Francisco that filed its IPO with the SEC confidentially on May 22. It aims for a September 2026 public debut and aims to raise up to $60 billion.
Anthropic filed its draft proposal on Monday, but only in a confidential manner. announcing On May 28, it announced that the company was now valued at $965 Billion after a new $65 Billion funding round.
US stock markets such as the S&P 500 have reached record highs this week, primarily due to a surge in AI and memory storage company shares such as SanDisk, Micron, Seagate and Western Digital.
Ruppert says that a rise in WLD prices is unlikely to be triggered by a sudden increase in company purchases or a new token release schedule.
Worldcoin’s native token is WLD. The project was co-founded with OpenAI CEO Sam Altman to build a global financial and digital identity network which can differentiate real humans from AI robots.
There are two possible catalysts to WLD’s price increase
Prices of WLD have declined since February. The losses increased in March, following the private sale.
Worldcoin In March 2018, WLD tokens were sold directly to investors for a price negotiated outside any exchange. This raised $65,000,000. From that sum, $25 million will be locked up for a period of six months.
To protect themselves from WLD price drops before the tokens unlocked, buyers shorted the token in perpetual futures market, which Ruppert called a hedge. “textbook short overhang.”
He said that there are two catalysts for reversing this temporary and mechanical overhang.
Eightco ORBS, a publicly-traded small company which has already acquired 283,000,000 WLD tokens has $144 million of cash on its balance sheet. They could lose money if they used that cash to purchase more tokens heavily shorted. “trigger a reflexive loop,” He said that he would raise prices.
Second, Worldcoin’s unlock schedule which releases tokens into the market each day is scheduled to fall by 43% at 24 July, which could reduce a significant source of pressure on sellers.
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“Capital is aggressively chasing Anthropic and OpenAI exposure,” Ruppert. The valuations are hundreds of millions and trillions but the WLD market cap is only $2 billion. “a small cap, when it comes to AI valuations,” He added it, calling it an “asymmetric upside.”
This analyst note is timely, as WLD has been the fastest-growing crypto asset of the top 100 assets by market capitalization. Its price rose by 60% within the past seven days.
“WLD doesn’t move often — but when it does, it moves aggressively,” Maelstrom predicted that the token would reach $5 in August. This is a 900% increase from its current price of $0.50.
In the last few days, WLD’s stock has increased. Source: TradingView
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Source: cointelegraph.com
