As Bitcoin (BTC) and altcoins continue their rise, the controversial altcoin Worldcoin experienced an unprecedented increase of over 23% in a single day.
While WLD's gains exceeded 200% in the last 7 days, WLD also broke significant records by exceeding its daily user base of one million as of February 19, 2024.
While this rise was considered to be a turning point for WLD, it was interpreted as indicating an even greater rise in the future.
As the rise in WLD continues unabated, Three Arrows Capital co-founder Zhu Su said on social media on February 19 that his investment in Worldcoin in 2021 received a lot of criticism.
Pointing out that there were many negative reports about the Worldcoin project at the time, which caused most of the seed round investors to stop supporting the project on Twitter, Zhu Su said that he would not directly benefit from WLD's tremendous performance.
Although Zhu Su did not benefit from WLD's performance, he expressed satisfaction by stating that 3AC creditors have one of the largest WLD holdings in the world.
Quoting Zhu Su's post on October 21, 2021, “Worldcoin is one of the most ambitious and invigorating projects I've seen in crypto so far,” Zhu Su said:
“So hated for this worldcoin investment in 2021. I remember the hits on it were so bad that most of the seed companies refused to tweet in support of it.
“I will not benefit from WLD's superior performance, but I am pleased that 3AC creditors have one of the largest positions in WLD in the world.”
3AC's WLD assets are unknown, and its founders owe more than $1.5 billion to creditors from investment losses, according to court filings.
WLD continues to trade at $7.74 at the time of writing.
*This is not investment advice.