Worldcoin's WLD token has nearly doubled in a month, pressing against a two-year descending triangle apex as three AI-related IPOs approach.
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Worldcoin climbs 88% in a month as AI narrative drives WLD breakout
Worldcoin rose 6.8% to $0.51 on June 9, extending its monthly gain to 88% as traders rotated into AI-linked tokens ahead of the OpenAI and SpaceX IPOs, CoinGecko data shows.
BitMEX co-founder Arthur Hayes recently disclosed he maintained exposure to WLD, arguing the token could benefit from growing investor interest in AI-related assets, according to a post on X. OpenAI filed IPO paperwork under Rule 135, and because chief executive Sam Altman also co-founded Worldcoin, traders have treated WLD as a liquid proxy for sentiment around the AI company.
The token has risen roughly 40% in two weeks and nearly 18% in the past week, making it one of the strongest performers among major cryptocurrencies. NEAR Protocol and Bittensor have also benefited from the rotation into AI-linked crypto as Bitcoin's price action remained subdued.
WLD is testing the apex of a descending triangle that has guided the price lower since its 2024 peak above $11. The pattern's support zone between $0.45 and $0.50 has held since late 2025, and volatility has contracted for almost two years. A weekly close above the falling resistance near $0.57 to $0.60 could open the path toward $0.75 and $1.00.
Three IPOs, one narrative
Three major AI-related public listings are converging in June. SpaceX is expected to debut on June 12, adding $75 billion in new stock to public markets, according to IPO filings. OpenAI has confidentially filed for its IPO under Rule 135, and Anthropic is also preparing to go public. The cluster of listings has drawn capital toward AI-linked assets, with WLD, NEAR Protocol, and Render among the strongest beneficiaries.
Tokenomics catalyst ahead
Worldcoin's scheduled tokenomics update on July 24 is expected to reduce daily token unlock emissions by roughly 43%, lowering the amount of new supply entering the market each day. Traders positioning ahead of that reduction have added another source of demand during the recent rally.
On the technical side, WLD trades above its 20, 50, 100, and 200 exponential moving averages on the four-hour chart, with the bullish alignment pointing to improving momentum. The weekly Awesome Oscillator remains below zero but its histogram has become less negative, suggesting bearish momentum is easing.
The key level to watch remains the $0.45 to $0.50 support zone. A failed breakout that loses that area and the fading of the AI narrative could turn the move into another multi-month downtrend.
This article is for informational purposes only and does not constitute investment advice.
