Worldcoin (WLD) has witnessed a dramatic price increase, soaring more than 30% in the last 24 hours and approximately 60% over the past week, with the token trading at $0.4012 at the time of reporting. Trading volume skyrocketed by 162% to surpass $500 million, marking WLD as the top-performing major crypto asset.
A key catalyst behind this rally is the integration of Oku Trade into the World App. This launch introduced structured swap competitions where users can earn up to 100 WLD, with additional rewards for runner-ups and raffle bonuses. The initiative is now in its fifth weekly cycle, actively driving user engagement and token demand through continuous trading incentives.
On-chain metrics further strengthened the bullish case. Whales accumulated WLD heavily in the $0.26–$0.29 range, while over $122 million worth of WLD moved off exchanges in a single week, reducing sell-side pressure. The broader market environment also played a role: an altcoin rotation away from Bitcoin into higher-risk AI-themed tokens, improved risk appetite after U.S. President Trump’s May 24 peace progress announcement with Iran, and a general revival of AI-linked crypto narratives.
Institutional attention added to the momentum. Nasdaq-listed Eightco Holdings disclosed a $337 million portfolio exposure linked to OpenAI along with more than 283 million WLD tokens through SEC filings, reinforcing confidence in the project’s long-term potential.
Technically, WLD broke above the 10, 20, 50, and 100-day exponential moving averages, confirming a strong short-term uptrend. However, the Relative Strength Index (RSI) on the daily chart climbed to 77.02, placing the asset firmly in overbought territory and signaling possible short-term pullbacks. Key support now lies near $0.30, while resistance is expected at $0.42. A sustained push above could target $0.50, whereas failure to hold current levels might trigger a correction toward $0.23.
