Worldcoin (WLD) has rallied more than 50% in a short period, driven by strong market speculation tied to potential OpenAI adoption of its iris-scan technology, sparking debate among analysts about whether this momentum could fuel a second, more forceful bullish phase.
Earlier in the week, Worldcoin experienced a sharp price increase of around 50%, largely propelled by buy-the-rumor dynamics after reports circulated that OpenAI might consider Worldcoin’s biometric verification tech for a new social platform emphasizing proof of personhood. This narrative triggered aggressive positioning among traders and speculative interest ahead of any official confirmation.
On-chain data shows that smaller whale cohorts (holding 1–10 million WLD) accumulated roughly 2.6 million tokens — about $1.4 million in value — during the rally, while larger whales (10–100 million WLD) had already been adding to their positions, increasing total holdings by over 30 million WLD before the rumor surfaced. This suggests that the price move was catalyzed by existing momentum, with the OpenAI narrative acting more as an accelerant than the original cause.
Technically, WLD has been rising within a descending channel over the past months, and the recent surge allowed for a retest of resistance levels that ultimately saw rejection. Still, key momentum indicators like the RSI approaching oversold support and a MACD golden cross indicate that underlying buying pressure had been building prior to the news, leaving open the possibility of renewed demand.
OpenAI buzz ignites speculative demand and builds price momentum
Technically, WLD has been rising within a descending channel over the past months, and the recent surge allowed for a retest of resistance levels that ultimately saw rejection. Still, key momentum indicators like the RSI approaching oversold support and a MACD golden cross indicate that underlying buying pressure had been building prior to the news, leaving open the possibility of renewed demand.
Fundamentally, the connection to OpenAI and Sam Altman, who co-founded Worldcoin, remains a central bullish narrative. Should reports of interest or partnerships be validated, some analysts argue that mainstream adoption could drive price toward prior highs or beyond, fueling significantly larger moves.
However, skeptics note that the spike was primarily fueled by rumors, and absent firm news or robust on-chain demand, Worldcoin could face a violent pullback as speculative enthusiasm fades. This dynamic underscores the risk inherent in momentum driven by narrative rather than confirmed structural developments.
In summary, Worldcoin sits at an inflection point after a dramatic spec-driven ascent. The future direction now hinges on technical confirmation of key breakout levels and the validation of adoption narratives, with the potential for either a sustained rally or significant correction depending on how these factors unfold.
