AIOZ Network (aioz) 
Worldcoin Surges 10% Following $135 Million Fundraising by World Foundation
Worldcoin (WLD) has experienced a notable 10% price increase in the past 24 hours, driven by a significant $135 million fundraising effort by the World Foundation. The funds, announced on May 21, are earmarked to enhance the expansion of Worldcoin’s iris-based identity network, known as World ID. Key investors in this round include Andreessen Horowitz and Bain Capital Crypto, which purchased Worldcoin tokens at market value, contributing to an increase in token circulation.
Institutional Backing Boosts Credibility
With over 26 million users and 12.5 million Orb-verified IDs across more than 160 countries, this latest institutional support underscores growing confidence in the project. The crypto market has responded positively to the news, reflected in a surge in trading activity and derivatives volume.
Trading volume soared by 87% to surpass $508 million, while derivatives volume skyrocketed by 112%, reaching $879 million. Open interest climbed 23%, now standing at $280 million. These shifts suggest growing optimism among traders, as capital flows back into WLD after months of stagnation. However, it’s worth noting that the token remains 89% below its all-time high of $11.74, recorded in March 2024.
Technical Indicators Signal Bullish Momentum
Worldcoin’s recent price movements have exhibited signs of strengthening. After rebounding from the $1.00 support level, the token has climbed to $1.24, supported by robust momentum and rising trading volumes. The price is now trading above both short- and mid-term moving averages, which are trending upwards — a typically bullish indicator.
Technical analysis reveals that the Relative Strength Index (RSI) is slightly above 60, suggesting room for further growth without entering overbought territory. Additionally, expanding Bollinger Bands indicate the potential for a breakout. If bulls can push the price above the critical resistance level of $1.30, the next significant barrier is near $1.38.
On-Chain Dynamics and Risks
While the recent token sale has increased the circulating supply of WLD, the context of the sale is noteworthy. Rather than a venture capital sell-off, the tokens were sold at market value to long-term backers. This distinction helps maintain a positive narrative around the project.
However, on-chain fundamentals present both opportunities and risks. The added token supply could exert short-term downward pressure on the price. Still, the influx of funds could enable Worldcoin to scale its World ID infrastructure, especially in regions like the United States, where digital identity regulations are becoming more stringent. This positioning could allow Worldcoin to establish a niche at the intersection of AI, privacy, and identity solutions.
Price Outlook: Key Levels to Watch
If the current bullish momentum persists, WLD could trade within the $1.37–$1.50 range. Breaking above this zone could trigger a more significant rally, potentially squeezing short positions. Conversely, if buyer interest wanes and the price dips below $1.20, a retracement to $1.10 or even $0.95 is possible.
As Worldcoin continues to develop its infrastructure and gain institutional support, it remains a project to monitor closely in the cryptocurrency space. Its focus on blending blockchain technology with digital identity solutions could position it as a leader in a rapidly evolving sector.
