Worldcoin price rallies as OpenAI considers its biometric-based identity for new social app

Worldcoin price has jumped to $0.5275 at press time, up 14% over the past 24 hours, after reports speculated OpenAI may use its biometric identity verification system for a new social app.

At its peak, the WLD token climbed more than 30% to an intraday high of $0.6388 before pulling back, leaving it up 10% over the past seven days and 7% over the past month. Spot trading activity spiked sharply, with 24-hour volume reaching $748.9 million, a 1,090% increase.

Derivatives showed traders leaning more aggressively into the move. CoinGlass data put futures volume up 855% to $1.91 billion, while open interest rose 76% to $193.5 million.

The combination points to fresh positioning rather than short covering alone, though the speed of the build-up also raises the risk of fast unwinds if price stalls.

OpenAI social media plans fuel Worldcoin narrative

According to a Jan. 28 Forbes report, OpenAI is exploring the early development of a new social network designed as a “humans-only” platform to tackle bot activity.

The project is reportedly being handled by a small internal team and is testing biometric verification methods to confirm real users.

Verification options under review include iris-scanning technology similar to World’s Orb device, as well as facial recognition systems such as Apple’s Face ID.

The idea is to allow AI-generated content to circulate on the platform while restricting participation to authenticated humans, a sharp contrast to existing social networks that struggle with automated accounts.

The development has drawn attention because OpenAI CEO Sam Altman co-founded World, which uses iris scans to issue proof-of-personhood credentials and distribute Worldcoin (WLD) tokens.

Traders are now pricing in the chance that OpenAI could lean on World’s existing Orb network, pushing its identity system beyond crypto-native use cases and into mainstream social media.

That narrative has lifted sentiment, but it also carries risks that may lead to another short-term dump. Biometric verification remains a sensitive topic for regulators, and World’s previous expansions have faced scrutiny around consent and data handling, factors that could limit how widely such systems are deployed.

Worldcoin price technical analysis

Despite the sharp bounce, Worldcoin is still trading within a broader downtrend. with price consistently capped below descending moving averages. Medium-term bias is tilted to the downside, as the structure reflects lower highs and lower lows.

The $0.52–$0.55 area has started to act as a short-term floor after absorbing repeated sell-offs, helping price stabilize following weeks of losses. That stabilization, however, has not translated into a clean breakout.

Rallies have repeatedly stalled near $0.62–$0.63, where sellers have stepped in and capped upside moves. This zone lines up with falling moving averages and has become a clear supply area.

Until price can push through it and hold, upside moves look more like rebounds than a trend shift.

Momentum has modestly declined, with the relative strength index pushing back toward the mid-40s. Volatility has also compressed after the prolonged slide, a setup that often precedes a larger move, though direction is still unclear.

Immediate support sits at $0.52, followed by $0.50. A deeper breakdown would put the $0.42 cycle low back into view. On the upside, bulls need a clean daily close above $0.63–$0.65 on strong volume to alter the prevailing structure.

Until that happens, the bounce looks corrective, with downside risk still firmly in play.