According to data from crypto.news, Worldcoin (WLD) price rallied as much as 20% on June 15, reaching an intraday high of $0.49 before extending gains to around $0.58 at press time. The token has advanced roughly 25% over the past week and 143% over the last month, becoming one of the strongest performers among large-cap altcoins.
OpenAI IPO Buzz Fuels AI-Linked Tokens
The rally gained momentum after reports confirmed that OpenAI had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. Since Worldcoin shares co-founder Sam Altman with OpenAI, traders have frequently treated WLD as a liquid proxy for AI-related investment themes. Additionally, improved risk appetite across global markets followed reports of a U.S.-Iran peace agreement, easing concerns over disruptions in the Strait of Hormuz. This pushed oil prices sharply lower and encouraged capital to flow back into high-beta technology stocks and cryptocurrencies.
Eightco Holdings Discloses 8.4% of Circulating Supply
Eightco Holdings added another catalyst by disclosing ownership of approximately 283.45 million WLD tokens, equivalent to about 8.4% of the circulating supply. The company described the position as its largest allocation within the digital identity and artificial intelligence sector, reinforcing institutional confidence. Trading activity has also concentrated heavily on South Korea's Upbit exchange, where momentum-driven buying can accelerate upside moves.
Arthur Hayes' recent sale of WLD had briefly generated concern, but fresh demand quickly absorbed the selling pressure, driving prices to new local highs.
Derivatives Traders Add Exposure as Technical Breakout Emerges
Derivatives activity expanded alongside the rally. Open interest climbed above $406 million, while funding rates turned positive, indicating new long exposure entering the market. Short sellers were forced to cover after WLD pushed through multiple resistance zones, fueling a squeeze beyond $0.50. Leveraged traders now face a battle around $0.60-$0.65, where previous supply zones remain visible on higher timeframes.
Despite the surge, Worldcoin still trades more than 95% below its all-time high of $11.74. Regulatory scrutiny regarding its biometric data collection and Orb verification system continues to present a long-term challenge.
Triangle Breakout Targets $0.75, Resistance Ahead
Technical indicators remain bullish. On the daily chart, WLD completed a major reversal from April/May lows near $0.24. The Supertrend indicator flipped bullish, while the MACD stays above both its signal line and zero line. The four-hour chart shows a clearer bullish structure: WLD broke out of a symmetrical triangle pattern after nearly two weeks of compression near $0.50, followed by sharp price expansion. The measured move projects toward roughly $0.74-$0.75, aligning with the next major resistance zone. Former triangle resistance near $0.50 now serves as the first support, while Supertrend sits lower around $0.34.
Analyst Crypto Tolga noted: "If the channel resistance breaks to the upside and price holds above it, I expect bullish momentum to accelerate." For bulls, clearing resistance between $0.60 and $0.65 is the immediate challenge. A decisive move above that area would place the $0.75 target in focus, while failure to hold above the breakout zone could trigger profit-taking.