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Cryptocurrency News Articles

Worldcoin (WLD) Surges 23% After a16z and Bain Capital Buy the Dip

May 23, 2025 at 08:25 pm

Bitcoin's all-time high of $107,000 lifted the Crypto Fear & Greed Index to 73 (Greed), triggering altcoin momentum. Worldcoin (WLD) surged 23%

Worldcoin (WLD) Surges 23% After a16z and Bain Capital Buy the Dip

Worldcoin (WLD) price surged 23% to hit a high of $1.52 on May 22, extending gains after notching a V-bottom at $0.57 in May. The cryptocurrency also broke out of a descending triangle pattern, which provided a bullish technical setup for the next leg of the rally.

The breakout was triggered by a $135 million investment in Worldcoin from a16z and Bain Capital, which saw the firms buy the tokens at the spot price without any discounts or lockups. The move provided a significant boost to the cryptocurrency, which had been struggling to gain momentum in recent months.

Following the rally, Worldcoin’s parent organization, the World Foundation, confirmed that the $ 135 M raised from a16z and Bain Capital came via direct spot purchases of liquid WLD tokens.

The funds will be used to scale its biometric Orb technology in the U.S. and abroad. The World Foundation sees this as a push for "proof-of-personhood" in the AI age, with resources focused on Orb expansion and token model improvements.

At the time of writing, WLD was trading hands at around $1.50. In 24 hours, its volume shot up 161.86% to $1.12 billion, while market cap rose from $1.80 billion to $2.34 billion — a 30% spike — signaling renewed confidence and aggressive accumulation.

Worldcoin (WLD/USD) Structure Breakout with Volume Confirmation

WLD bounced from a $0.57 low in May, forming a V-bottom and breaking out of a descending triangle pattern. The breakout, driven by the $135 M buy-in, pushed price above $1.52.

DEX volume also surged to $2.9 M—the highest since December—highlighting strong retail momentum.

The bullish structure holds as long as price remains above $1.45. Resistance lies at $1.70 (psychological and Fib zone) and $1.96, with $2.00 acting as the next major breakout threshold. A drop below $1.33 would weaken the trend and expose downside to $1.10.

WLD coin Indicators: BBTrend and Futures Metrics Align

BBTrend, which tracks directional strength using Bollinger Band volatility, surged to +22.77—its strongest reading in months—signaling a shift from sideways compression to directional expansion.

The BBTrend w/ SuperTrend Strategy also flipped bullish, moving from -49.05 in March to +15.32 in May. SuperTrend adds a dynamic trend-following signal based on ATR (Average True Range); it turns upward during bullish phases and downward during bearish moves, making it a reliable visual cue for trend validation. No exit signal has appeared, confirming trend continuation.

Open interest in WLD futures climbed from $320.28 M on February to $412.77 M by May 23, a 4-month high and a 28.9% increase—confirming steady capital inflow into leveraged long positions.

The post Worldcoin Surges 23% As a16z, Bain Capital Buy $135M WLD Tokens At Spot Price appeared first on Benzinga.com.

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Other articles published on May 24, 2025