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

The Worldcoin price dropped by nearly 10% after the World Foundation closed a $52.5 million institutional funding round.

The funding round, led by Pantera Capital, will accelerate the rollout of the project's AI-powered World ID ecosystem, designed to verify human identity in an increasingly AI-driven digital economy.

However, traders reacted negatively to the accompanying WLD token sale and renewed supply concerns. The sharp decline pushed WLD below a key support level, putting the token's recovery at risk.