Key Highlights
- $135M Funding: Worldcoin Foundation raised capital via WLD token sales to Andreessen Horowitz and Bain Capital Crypto at market price.
- Price Rally: WLD surged 37% post-announcement, with trading volume spiking 140%.
- Global Expansion: Funds will accelerate Orb hardware deployment in the U.S. and support worldwide network growth.
- User Base: Over 26 million users participate, including 12.5 million with Orb-verified World IDs.
- Technical Outlook: WLD broke $1.4 resistance but may retrace due to overbought conditions.
Funding Round Details
Worldcoin’s WLD token skyrocketed 37% in 24 hours after the Foundation secured $135 million by selling liquid tokens to institutional investors. Notably:
- No Discounts/Lock-ups: Tokens were sold at spot price with no special terms.
- Investor Confidence: Andreessen Horowitz reinforced its commitment, having backed Tools for Humanity since 2021.
Market Reaction
The funding news triggered a 140% surge in trading volume, catching traders off guard despite WLD’s steady uptrend since April. Analysts highlight:
- Unusual Transparency: Major investors bought tokens at market price despite WLD’s 90% decline over 14 months.
- Technical Momentum: OBV trends indicate accumulation, though RSI warns of short-term overbought conditions.
Network Growth & Utility
Worldcoin aims to combat AI-driven identity fraud via:
- Orb Hardware Expansion: Scaling U.S. deployments and meeting global demand.
- Self-Sustaining Protocol: Funds will bolster infrastructure as user adoption exceeds 26 million.
Technical Analysis
- Resistance Levels: WLD faces key tests between $1.33–$1.41 after clearing $1.4.
- Entry Points: Traders eye retracements to $1.32–$1.4 for optimal long positions.
FAQs
Q1: Why did WLD price surge?
A1: The $135M funding round signaled strong institutional confidence, driving demand.
Q2: What’s next for Worldcoin?
A2: Expanding Orb rollouts and enhancing global network capacity.
Q3: Is WLD overbought now?
A3: Daily RSI at 72 suggests potential pullback, but long-term accumulation trends remain positive.