Worldcoin (WLD) surged over 6% in 24 hours to trade near $0.51 on June 9, extending its monthly gains to nearly 88%, as capital rotated into AI-linked assets. The rally gathered pace amid speculation surrounding OpenAI’s confidential IPO filing under Rule 135, which allows the firm to prepare for a public listing. Because OpenAI CEO Sam Altman co-founded Worldcoin, traders have increasingly treated WLD as a liquid proxy for sentiment around the AI giant. Expectations that OpenAI could eventually command a valuation exceeding $1 trillion, coupled with optimism around SpaceX’s upcoming listing after absorbing xAI, have fueled aggressive buying in AI-themed tokens.
Additional bullish catalysts include reports that the Trump administration may seek equity stakes in US AI companies, and a security breach at competitor Humanity Protocol, where attackers drained over $30 million and crashed its native token by 88%. The breakdown pushed some capital back to Worldcoin’s digital identity network. BitMEX co-founder Arthur Hayes also disclosed he maintained exposure to WLD, citing the AI investment narrative.
From a technical standpoint, WLD is approaching the apex of a multi-year descending triangle, with support between $0.45 and $0.50. A weekly close above the falling resistance line could unlock targets at $0.75, $1.00, and eventually $1.50–$4.00 based on breakout projections. The token’s upcoming tokenomics update on July 24, which is expected to cut daily unlock emissions by roughly 43%, is adding to the demand.
Meanwhile, Dogecoin (DOGE) was trading near $0.086, with on-chain data showing large holders accumulated over 200 million DOGE in a week. Analyst Ali Martinez identified $0.081 as a critical support level, where 30 billion DOGE last changed hands. The concentration creates a cost-basis cluster that could trigger either strong defense or forced selling. Despite the whale buying, derivatives markets tell a cautious story: futures volume fell 16.53% and open interest dipped 0.83%, signaling a lack of leveraged conviction. A weekly close below $0.081 would put $0.067 and $0.058 into play as downside targets, while reclaiming $0.09 would ease immediate bearish pressure.
