Worldcoin Rockets 44% Post-Buffett Bombshell

Worldcoin [WLD] surged 30% in a week, emerging as one of today’s hottest crypto tokens, alongside Litecoin’s LTC. Despite hitting a low in late April, the contentious AI token has seen its market cap soar by more than 44% in May. The token’s rebound comes amid Warren Buffett’s recent controversial comments about potentially illicit financial activities that have become more prevalent due to the accessibility of artificial intelligence.

The top trending tokens in crypto today are: Worldcoin WLD: The AI asset has seen its market cap grow +44% thus far in May after bottoming out at the end of April. It has also seemingly gotten a boost after Warren Buffett made recent controversial comments about potentially illicit financial activities that have become more prevalent thanks to the accessibility of artificial intelligence. Litecoin LTC: The prospect of future Litecoin ETF’s has received some renewed interest with connections to Grayscale.

WLD’s on-chain statistics show increased trading volume and a sudden rise in Worldcoin’s open interest, suggesting that higher price volatility may occur due to whale activity and possible liquidations. Data from Santiment revealed that the overall WLD funding rate across all exchanges decreased from 0.008% to 0.001% within 24 hours, indicating that the rise in open interest primarily stems from increased short positions.

Worldcoin Outflows & Litecoin’s ETF Potential Ignite Market

The above data highlights a significant rise in traders speculating on a drop in WLD price as the asset’s value surges. Additionally, exchange inflow stands at 454,380 WLD, while outflow is around 542,360 WLD, resulting in a net outflow of 87,980 coins within a day. These on-chain transactions suggest that certain investors are amassing Worldcoin despite pessimistic outlooks on the asset.

Meanwhile, another trending crypto, Litecoin’s LTC, has gained traction among traders. The possibility of future Litecoin ETFs has sparked renewed interest, particularly due to connections with Grayscale. Grayscale recently saw its first inflow after experiencing a significant outflow following the launch of its BTC ETF in January.

Earlier, the world’s largest digital asset manager announced that its single-asset products, including Grayscale Litecoin Trust [LTCN], have become SEC reporting companies. This move suggests a growing institutional interest in LTC as a viable investment option.