Worldcoin (WLD) has gained more than 40% since late May, trading near $0.53 on June 4 after rallying from roughly $0.33 just days earlier. The move came alongside a sharp rise in on-chain activity: whale transactions above $100,000 climbed to their highest level of 2026, active addresses moved above 1,300, and new wallet creation also accelerated.
Whale accumulation and fresh wallet growth gathered at the same time
The rally developed as WLD emerged from an extended consolidation phase that had kept price action compressed for much of the year. Large holders appeared to build positions during that stretch. Santiment data showed daily whale transactions reaching a yearly high, while active addresses and new address creation both pushed higher, pointing to broader participation rather than activity limited to existing holders.
Activity inside the ecosystem also picked up after Oku Trade was integrated into the World App. The feature offers weekly rewards of up to 100 WLD for users taking part in token swaps through a leaderboard system, adding new transactional demand. Interest tied to the project’s AI association has remained firm as well. Because OpenAI chief executive Sam Altman is closely linked with Worldcoin, some traders continue to treat WLD as a market proxy for the overlap between artificial intelligence and crypto.
WLD advanced even as the wider market weakened
The token’s strength stood out against a soft broader backdrop. On June 2, the total crypto market lost more than $40 billion in value, while Bitcoin (BTC) slipped toward the $70,000 area. WLD kept moving higher during that period, even as many large-cap assets traded lower. That divergence suggested capital was rotating into tokens backed by active ecosystem developments and improving on-chain metrics rather than leaving the market altogether.
One analyst said WLD had broken above the descending channel that had capped price action since September and had already completed a retest of the breakout area. The combination of a cleaner chart structure and stronger on-chain readings has given the move more support than a simple short-lived spike.
Chart structure puts the $0.65 resistance zone in focus
On the daily chart, WLD has pushed above the upper boundary of a descending triangle that had constrained price for several months. The breakout followed a prolonged base near $0.24 and lifted the token above $0.54, producing one of its strongest daily advances of the year. Trading activity expanded during the move. Earlier market data showed daily volume surging more than 130%, while price also reclaimed the 20-day and 50-day exponential moving averages.
Measured from the height of the triangle, the next major objective sits in the $0.65 to $0.70 range. From around $0.54, a move to $0.65 would imply roughly 20% upside. If that zone is cleared, attention would shift toward the January high near $0.75.
Momentum indicators are still tilted higher. MACD has printed a fresh bullish crossover and its histogram remains above the zero line, while the Supertrend indicator turned positive near $0.27, signaling a change in market structure after months of selling pressure. Traders are now watching the breakout area around $0.45 as the first key support. Holding above that level keeps the current structure intact; slipping back below it would expose lower support zones near $0.38 and $0.32.