Worldcoin Price Plummets 10% After $52.5M Institutional Funding Round

The Worldcoin price plummeted nearly 10% after the World Foundation secured $52.5 million in institutional funding from Pantera Capital and other established crypto-focused firms.

The funding round is aimed at accelerating the rollout of the project's AI-powered World ID ecosystem, which verifies human identity in a digital economy driven by artificial intelligence.

However, traders reacted to the accompanying WLD token sale and renewed concerns over future token supply, pushing the token below a key support level and putting its recovery at risk.