Worldcoin (WLD) Price Leads Top Altcoin Gainers as Bitcoin (BTC) Price Confirms Crypto Summer 2025

Worldcoin (WLD) price dominated the top altcoin gainers in the past 24 hours after Bitcoin (BTC) price confirmed the onset of a crypto summer 2025.

Crypto traders are closely following the mid-cap altcoin, Worldcoin (WLD), as its price surged over 30 percent in the past 24 hours. The altcoin, with a fully diluted valuation of about $15.9 billion and a 24-hour average traded volume of around $1 billion, rose more than 30 percent on Thursday to trade at about $1.59 during the late North American trading session.

Following the WLD price rally today, the total Worldcoin futures open interest surged over 67 percent in the past 24 hours to reach about $411 million at the time of writing.

Worldcoin (WLD) Price Surges 30% As Institutional Investors Pours Millions In Worldcoin Tokens –

The Worldcoin project has grown significantly in the past year due to the rapid adoption of the World App. According to the latest data, the World App has now crossed 26 million users, with over 12.5 million users having already verified their unique humaneness through the Orb device.

Following the notable Worldcoin adoption, the World Foundation announced that it has raised funds from a16z and Bain Capital Crypto. Most importantly, the investors purchased WLD tokens directly from the secondary market.

Announcing the new investment, the World Foundation said:

“We are thrilled to welcome Bain Capital Ventures and Andreessen Horowitz (a16z) as investors in the Worldcoin Foundation. Their deep experience in investing and building transformative technologies will be invaluable as we continue to develop the Worldcoin network.”

The mid-cap altcoin has been in the news recently following reports that the U.S. Securities and Exchange Commission (SEC) is planning to sue major cryptocurrency exchange Coinbase (NASDAQ:COIN) for allegedly operating as an unregistered exchange.

Worldcoin’s mid-cap altcoin surges 30% as institutional investors buy WLD tokens

According to reports, the SEC is also planning to sue the crypto startup for offering unregistered securities.

Insiders told Bloomberg that the SEC chairs have been discussing the potential lawsuits for several months now and could decide against them. However, the agency is preparing to file the suits as early as this week.

The SEC did not respond to requests for comment, while a spokesperson for Coinbase declined to comment.

Earlier this month, the SEC sued the world’s largest cryptocurrency exchange, Binance, for allegedly defrauding investors and violating securities law.

The agency accused Binance of lying to users about its plans to use customer funds, intermingling user deposits with corporate funds, and failing to register its services or tokens.

Moreover, the SEC said Binance misled U.S. customers by making them appear to be using a separate platform, despite them being able to trade on the main exchange.

Worldcoin’s mid-cap altcoin surges 30% as institutional investors buy WLD tokens

The move comes after months of heightened scrutiny of the cryptocurrency industry.

In March, the SEC sued Paul Greiner, the founder of the cryptocurrency startup, over allegations that he sold unregistered securities to raise $1.15 billion from U.S. investors.

The agency also sued the startup for failing to register its tokens and for making false and misleading statements to investors.

Greiner’s startup is developing a cryptocurrency that is designed to be used by a large number of people. The startup’s token is sold to investors in the U.S. via a private placement.

Worldcoin’s mid-cap altcoin surges 30% as institutional investors buy WLD tokens

According to the SEC, the startup’s tokens should have been registered with the agency and its offering statement should have been qualified.

“Despite being notified by the SEC staff that the offering did not qualify for an exemption, Greiner and his firm nevertheless commenced and completed the offering, raising over $1.15 billion from U.S. investors,” the agency said in a statement.

The SEC’s lawsuit against Greiner’s startup is part of a broader crackdown on cryptocurrency startups by the agency.

Earlier this year, the SEC sued the startup Circle for allegedly offering unregistered securities in the form of stablecoins.

The agency is also investigating other major cryptocurrency startups, including OpenSea and Acala.