World Foundation Secures $135M to Expand Iris-Based ID Network, WLD Surges 10%
Worldcoin (WLD) jumped 10% in the past 24 hours, following a major funding announcement from the World Foundation, which secured $135 million to scale its global identity initiative, World ID.
Revealed on May 21, the fundraising round was led by prominent venture capital firms Andreessen Horowitz and Bain Capital Crypto. Both investors acquired WLD tokens at market prices, boosting the overall circulating supply.
Worldcoin’s identity project already boasts over 26 million users and 12.5 million Orb-verified IDs across more than 160 countries. The fresh capital injection strengthens its credibility and signals increased institutional confidence in the platform’s long-term vision.
The market responded with enthusiasm. WLD’s trading volume spiked by 87% to surpass $508 million, while derivatives trading volume surged by 112% to hit $879 million. Open interest also climbed by 23%, reaching $280 million, according to data from Coinglass. After a prolonged downtrend, this surge in activity suggests a renewed bullish outlook among traders.
Despite the rebound, WLD remains 89% below its March 2024 peak of $11.74.
Technically, Worldcoin appears to be regaining upward momentum. After finding support at around $1.00, the price rose to around $1.24. Indicators point to growing strength: the token is now trading above both short- and mid-term moving averages, which are trending higher, typically a bullish sign.
The Relative Strength Index (RSI) sits slightly above 60, indicating continued room for growth without entering overbought territory. Meanwhile, widening Bollinger Bands hint at a potential breakout. If bulls can overcome resistance around $1.30, the next key level lies near $1.38.
The increase in circulating supply following the token sale could exert some short-term pressure on price. However, the nature of the sale, at market value to long-standing backers, has helped calm concerns about opportunistic VC dumping.
Looking ahead, Worldcoin’s ability to scale its World ID system, particularly in tightly regulated regions like the United States, could position the project at the intersection of AI, digital identity, and privacy innovation.
If bullish momentum continues, WLD could test the $1.37–$1.50 range in the near term. A breakout beyond this could lead to a stronger rally. Conversely, failure to hold support above $1.20 may trigger a pullback to $1.10 or even $0.95.
