Worldcoin grew by 25% per day

The Worldcoin (WLD) cryptocurrency has risen sharply in price, taking first place among the largest daily increases in the market. Over the past day, the token has added almost 25% of its value, reaching levels not seen since February. The reason for the surge was the collection of $ 135 million in investments to expand the identification network being developed by the Worldcoin team.

WLD’s capitalization has exceeded $ 2.37 billion, the highest in the last five months. Trading volume increased by 165% to $ 1.06 billion. Analytical platforms also recorded an increase in online activity: the number of large transactions (over $ 100 thousand) jumped by 62%, and the number of active addresses per day increased by more than 10%.

Interest in WLD-based derivatives has also grown significantly, with open interest in token futures increasing by 62%, indicating increased trader engagement. Such dynamics indicate growing confidence in the asset amid new strategic investments.

Funding in the amount of $ 135 million was provided by venture capital funds a16z and Bain Capital Crypto. The funds were raised through the direct purchase of liquid WLD tokens at the market price. The project plans to use these resources to scale its digital identity infrastructure both in the US and abroad.

Worldcoin is an initiative that uses iris scanning to verify identity. In exchange, users receive WLD tokens. Despite its rapid spread, the project has been criticized for data privacy and has already been banned in Hong Kong, Kenya, and Spain. At the time of writing, the value of the token was $ 1.54, although it has still been in the red by more than 25% since the beginning of the year.