Worldcoin’s price has surged by 10% in the last day following a significant funding boost of $135 million from the World Foundation. The raise will be used to expand World ID, the company’s iris-based identity network. Leading investors include Andreessen Horowitz and Bain Capital Crypto who purchased WLD tokens, boosting token supply and market liquidity. This news has ignited positive market sentiment with trading volume increasing by 87% to over $508 million while derivatives volume surged by 112% to $879 million. Trading activity suggests a shift in trader sentiment as capital returns to Worldcoin (WLD). However, it still trades down significantly from its peak of $11.74 in March 2024. Experts attribute the rise to expanding DeFi applications and increased institutional interest. Worldcoin’s price action shows strength with a rebound above support levels of $1.00, reaching $1.24. The price is supported by strong momentum and rising volume indicating potential gains. With the RSI hovering slightly above 60, further growth seems likely. On-chain fundamentals remain positive due to increased WLD circulation, a result of the recent fundraising round. However, short-term pressure from increased token supply may impact pricing. The new funding could potentially provide a unique advantage by expanding World ID infrastructure, particularly in regions facing stricter digital identity regulations like the U.S. If these efforts succeed, Worldcoin could carve out a distinctive position at the intersection of AI, privacy and identification.