Worldcoin tumbles 21% despite OpenAI's $40B deal and Ghibli launch

Worldcoin (CRYPTO:WLD) has seen its price drop by 21% over the past week, trading at $0.70 as of Thursday, despite bullish developments from its parent company, OpenAI.

The cryptocurrency’s market capitalisation has fallen to $833 million, shedding over $300 million and losing its unicorn status.

The decline comes amid significant announcements from OpenAI, including a $40 billion funding deal with Japanese conglomerate SoftBank and the viral launch of its Ghibli-themed image-generation feature.

While these developments dominated headlines, they failed to lift WLD’s price, raising concerns about deeper market issues.

Historically, Worldcoin has reacted strongly to OpenAI-related news.

In February 2024, the launch of OpenAI’s Sora video-generation tool drove WLD to an all-time high above $8.

However, this time, broader macroeconomic factors appear to be overshadowing positive catalysts.

Analysts point to U.S. President Donald Trump’s recent tariff policies as a key reason for bearish sentiment across risk assets, including cryptocurrencies.

The tariffs have disrupted global markets, with major technology stocks like NVIDIA falling sharply.

This negative momentum has spilled over into the crypto sector, dampening enthusiasm for AI-linked projects like Worldcoin.

Technical indicators suggest continued sell-side pressure for WLD.

The longer upper shadow on Thursday’s candlestick reflects weak rebound momentum.

Additionally, resistance levels at $0.85 and $0.986 remain unbroken, signaling that sellers maintain control.

Market analysts warn that failure to hold the current support level of $0.70 could lead to further declines toward the psychological support at $0.50—a potential 30% drop from current prices.

The bearish MACD readings and lack of strong volume inflows reinforce this outlook.

At the time of reporting, the Worldcoin (WLD) price was $0.7522.