Maelstrom predicts that the Worldcoin Token will increase to $5
Arthur Hayes' investment firm Mallstrom says WorldCoin could rise to $5 per token in the next few months, with WLD acting as a crypto proxy for the AI boom.
“AI mega IPOs are coming – and the market is ignoring one of the cleanest proxies”. he said. Maelstrom researcher Lucas Ruppert said on Wednesday,
The AI Boom in the US OpenAI has confidentially filed its IPO prospectus with the SEC with an official target of September 2026. The company aims to raise $60 billion, which could be valued at $1 trillion.
Meanwhile, rival Anthropic confidentially filed its draft prospectus later Monday. Announcement It was valued at $965 billion on May 28 after a fresh $65 billion funding round.
U.S. stock markets such as the S&P 500 hit record highs this week, driven primarily by shares of AI and memory storage companies such as SanDisk, Micron, Seagate and Western Digital.
However, Ruppert argues that this has not been reflected in WLD's price, although company acquisitions and changes in the token launch schedule may have been a catalyst for the rally.
WLD is a Worldcoin-backed crypto project founded by OpenAI CEO Sam Altman that aims to create a global digital identity and financial network that separates real people from AI bots.
Two possible incentives for the WLD price pump
WLD's price has been declining since February, with losses accelerating following the private token sale in March.
Worldcoin In March, it raised a $65 million seed round by selling WLD tokens directly to private investors at bargain prices, off-exchange. Of this amount, $25 million is locked up for six months.
However, in order to protect themselves against a falling WLD price before their tokens open, buyers were prevented from shorting the mark in the perpetual futures markets, which Rupert described as a “textbook short overhang.”
There are two possible reasons for reversing this mechanical and temporal overlap, he said.
Eight (ORBS), a small publicly traded company, already holds 283 million WLD tokens, with approximately $144 million in cash sitting on its balance sheet. If you use that cash to buy more of the shorter-dated tokens, it could create a “sparkling loop,” which could drive prices higher, he said.
Secondly, the opening program of Worldcoin, which releases tokens to the market every day, will be reduced by 43% on July 24, which may reduce the main selling pressure.
Related: Crypto will turn into a ‘contrarian bet' as AI stocks attract investors' attention.
“Capital Anthropoque and OpenAI are aggressively pursuing exposure,” Rupert said. Values are in the hundreds of billions and trillions, but WLD has an undisclosed market value of $2 billion, calling it a “small-cap, disproportionate upside when it comes to AI valuations.”
The analyst's note comes as WLD is currently the best performing crypto asset with a market capitalization growth of around 60%.
“WLD doesn't move very often – but when it does, it moves strongly,” Maelstrom said, predicting the token will reach $5 in August, a gain of about 900% from its current trading price of $0.50.
WLD increased last week. Source: Trading view
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