The post Why is WLD’s price up today? Examining OpenAI’s social network rumors appeared on BitcoinEthereumNews.com. Worldcoin [WLD] has experienced a significantThe post Why is WLD’s price up today? Examining OpenAI’s social network rumors appeared on BitcoinEthereumNews.com. Worldcoin [WLD] has experienced a significant

Why is WLD’s price up today? Examining OpenAI’s social network rumors

Worldcoin [WLD] has experienced a significant surge over the past 24 hours, catching the crypto community off guard. The surge may be related to reports of a possible biometric-verified social network launch by OpenAI.

The market is already connecting the dots.

WLD is having the surge of a lifetime!

WLD has rallied aggressively over the last 24 hours, before giving up part of its gains. On the 1-hour chart, the price went from the $0.46 zone to a local high near $0.64.

This is one of its strongest short-term moves in the recent sessions.

Source: TradingView

That push was followed by a pullback, with WLD trading closer to $0.52-$0.53 at the time of writing, so there’s early profit-taking. RSI briefly went up to overbought levels before easing back to the mid-50s. This suggested that Worldcoin’s price was consolidating.

Volume also jumped during the breakout, then calmed down. Traders are taking a moment to breathe and reassess.

What’s behind the rally?

A recent Forbes report stated that the sudden interest in WLD is tied to OpenAI’s early work on a new social media platform, designed to keep bots out entirely!

According to Forbes, the AI firm is exploring a “humans-only” network that would rely on some form of verified identity (or “proof of personhood”) as its core feature.

The project is said to be in its early stages, with a small team of around 10 people working on it since early 2025. It is being worked on as a potential rival to Elon Musk’s X.

Sources indicate that user verification could rely on Apple’s Face ID or Worldcoin’s Orb, the iris-scanning device used to issue World IDs within the World ecosystem, co-founded by OpenAI CEO Sam Altman.

While the Orb drew criticism over privacy concerns, it remains central to confirming unique human users. How (or if) WLD would be integrated remains unclear, though ChatGPT is expected to play a critical role.

Source: X

In contrast, some voices have pushed back on the Orb narrative. Opentensor’s Const posted on X that work is underway on open-source, non-Orb methods for human verification, focused on proving users are real and detecting deepfakes.

Perhaps, a bot-free social network may not necessarily rely on Worldcoin’s Orb at all?


Final Thoughts

  • WLD’s price reacts quickly to OpenAI-linked narratives.
  • Whether Orb-based or not, the “proof of personhood” narrative has put Worldcoin back on traders’ radars.

Source: https://ambcrypto.com/why-is-wlds-price-up-today-examining-openais-social-network-rumors/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15
White House meeting could unfreeze the crypto CLARITY Act this week, but crypto rewards likely to be the price

White House meeting could unfreeze the crypto CLARITY Act this week, but crypto rewards likely to be the price

White House stablecoin meeting could unfreeze the CLARITY Act, but your USDC rewards may be the price The newly confirmed Feb. 10 White House meeting on stablecoin
Share
CryptoSlate2026/02/09 18:48
Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28