Sam-Altman Founded World Token Rips 24%—What’s Going On?

World (CRYPTO: WLD) blasted to the top of the cryptocurrency gainers list Thursday after raising $135 million to fund network expansion.

What Happened: The token, which is related to a decentralized identity verification project, skyrocketed over 24% in the last 24 hours, reaching levels not seen since early February.

The rally propelled WLD’s market capitalization to $2.37 billion, its highest in over five months. The trading volume popped 165% to $1.06 billion in the last 24 hours.

On-chain activity spiked, with large transactions valued at over $100,000 spiking 62%, while daily active addresses rose 10.22%, according to IntoTheBlock.

Additionally, WLD’s Open Interest exploded over 62% in the last 24 hours, …

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