Worldcoin (WLD), the cryptocurrency founded by OpenAI’s CEO Sam Altman, is back in the spotlight after a strong four-day rally driven by whale accumulation, rising Asian adoption, and a recovering broader crypto market.
Whale Activity Boosts Worldcoin Sentiment
Worldcoin surged to $1.19 on Saturday before settling around $1.08. The rally was fueled by a major whale purchase worth over $1.5 million, signaling renewed confidence in the token’s long-term prospects. Whale accumulation is generally viewed as a bullish indicator since these large investors are often seen as more strategic and better informed than retail traders.
This rise coincided with a broader market rebound. Bitcoin (BTC) and major altcoins bounced alongside U.S. stock indices, including the Dow Jones and Nasdaq 100, reinforcing investor risk appetite.
Asian Markets Drive Growth
Beyond whale activity, Worldcoin’s adoption metrics in Asia have added fuel to the rally. According to the Worldcoin team, verifications in Singapore soared by 15,800 in recent weeks, bringing the total to over 100,000. South Korea also witnessed significant growth, reaching over 10,000 verifications in just three weeks, bolstered by a new partnership with move-to-earn app SuperWalk. Meanwhile, Japan has surpassed the 100,000 verifications milestone after integrating Worldcoin services with popular companies like Hakuhodo, SARAH, Tokyo Beast, and YAY!.
The increasing number of verified users suggests strengthening network effects — a positive sign for the project’s decentralized identity ambitions.
Funding Rates and Technical Breakouts
Worldcoin’s bullish momentum has been further validated by technical indicators. The WLD token recently broke above a crucial resistance level at $0.98, last tested on March 26. It has also crossed its 50-day moving average, and its Relative Strength Index (RSI) climbed to 76, indicating strong bullish sentiment.
Additionally, Worldcoin’s weighted funding rate has remained positive for ten consecutive days, according to CoinGlass. A positive funding rate indicates that traders holding long positions are willing to pay a premium, reflecting optimism about future price gains.
From a technical perspective, if momentum continues, bulls could target the psychological $2 level a potential 77% upside from current prices.
What Is Worldcoin?
Launched in 2019 by Sam Altman, Alex Blania, and Max Novendstern through Tools for Humanity, Worldcoin seeks to create a decentralized global identity network distinguishing humans from AI bots. The centerpiece of its system is the “World ID,” a digital passport created via iris scans using a specialized device called the Orb.
Verified users receive the WLD token, an Ethereum-based cryptocurrency used for governance and utility within the network. Users can manage their tokens through the World App, and Worldcoin’s infrastructure is expanding through its own blockchain, World Chain, which is set to join the Optimism Superchain ecosystem.
Altman envisions Worldcoin as critical infrastructure for a future dominated by artificial intelligence, promoting financial inclusion while addressing identity challenges. However, the project has faced sharp criticism over its handling of biometric data, with regulatory pushbacks in Kenya, Spain, Germany, and Brazil.
Despite these controversies, Worldcoin continues to attract significant venture capital support, including backing from Andreessen Horowitz and Khosla Ventures.
Can WLD Hit $2?
Given the strong technical breakout, rising adoption across Asia, positive funding rates, and renewed whale interest, Worldcoin appears poised for further gains. However, ongoing regulatory scrutiny and broader market volatility remain important risks.
If bullish momentum holds, a move toward $2 a key psychological barrier could be within reach in the coming weeks.
