TLDR:
- WLD price surged 28-30% reaching $2.80, with 66% weekly gains
- World ID verification expanded to 40+ countries including Costa Rica, Poland, and Austria
- User base reached 16 million verified users
- Trading volume increased 76.56% to $2.38 billion
- Large transactions totaled $236.93M with 45% of holders in profit
Worldcoin’s native token WLD has recorded a 28% price increase in the past 24 hours, reaching $2.80 at press time. The surge comes as the project expands its identity verification services to more than 40 countries worldwide.
Trading activity has shown remarkable growth, with volume jumping 76.56% to reach $2.38 billion. This uptick in trading coincides with the project’s rapid international expansion, which includes recent launches in Costa Rica, Poland, and Austria.
WLD Price
The World ID verification system, co-founded by Sam Altman, has now verified over 16 million users globally. This milestone represents a major achievement for the project’s mission to create a secure, decentralized identification system using biometric verification.
Recent data shows that large transactions exceeding $100,000 have totaled $236.93 million, indicating strong institutional interest in the token. Currently, 45% of WLD holders are in profit at current price levels, suggesting a healthy market position.
The project’s expansion in Latin America has been particularly noteworthy, with new operations established in Colombia, Ecuador, and Guatemala. These regions have embraced the introduction of Worldcoin’s Orb devices for identity verification purposes.
Open interest in WLD has increased by 38.51%, reaching $346.38 million. This growth in both volume and open interest typically indicates new money flowing into the market, potentially supporting continued price movement.
Technical indicators paint a positive picture for WLD. The Money Flow Index currently stands at 70.51, approaching overbought territory, while the Chaikin Money Flow indicator shows moderate buying pressure in the market.
The token has demonstrated strong support at the $1.50 level, from which it has bounced upward. Trading data shows WLD moving between an intraday high of $2.83 and a low of $2.12, highlighting the day’s volatility.
In terms of market participation, active addresses have increased by 31%, suggesting growing user engagement with the token. This metric often correlates with increased market activity and potential price movements.
Whale activity has seen a notable spike, with a 366% increase in large holder transactions. Historical patterns suggest that such whale movements often precede broader market trends.
A substantial liquidation pool of 632,000 WLD tokens sits at the $2.33 price level, which market analysts suggest could act as a price magnet in the short term.
Sam Altman, one of the project’s co-founders, recently praised the team’s progress on social media. He specifically acknowledged CEO Alex Blania’s leadership in navigating the complex regulatory landscape while maintaining growth momentum.
The project faces ongoing regulatory oversight in various jurisdictions. Authorities in Spain, Germany, and South Korea have raised questions about privacy implications related to biometric data collection. In Kenya, local officials temporarily suspended Worldcoin’s activities pending further review.
Despite these challenges, the project continues to expand its global footprint. The World ID system aims to address digital fraud concerns while maintaining user privacy through its technological infrastructure.
Looking at price levels, market observers note potential resistance near $3.00, though current momentum suggests continued upward pressure. The token’s recent performance has placed it among the top performers in the cryptocurrency market.
The post Worldcoin (WLD) Surges 28% as Identity Platform Expands to 40+ Nations appeared first on Blockonomi.