institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Sam-Altman Founded World Token Rips 24%—What's Going On?

  • On May 21, 2025, Worldcoin disclosed that it secured $135 million by privately selling WLD tokens to early investors, including prominent venture capital firms, to support the growth of its platform.
  • This token sale followed Worldcoin's recent launch in the United States and amid ongoing regulatory challenges, including suspension directives from Kenyan and Indonesian authorities.
  • The funding aims to accelerate global deployment of Worldcoin's Orb biometric devices, which scan irises to create unique digital IDs despite privacy and surveillance concerns.
  • Following the announcement, WLD's price jumped 15% to around $1.26 with trading volume nearly doubling, reflecting renewed institutional and retail investor interest during a crypto market rally.
  • The raise will support Worldcoin's goal of scaling its identity protocol globally, though investors remain cautious due to the project's regulatory and privacy controversies.
Insights by Ground AI
Does this summary seem wrong?
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

11 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Coingape broke the news in on Wednesday, May 21, 2025.
Sources are mostly out of (0)