WLD Drops 7% After $135M Fundraising Surge and U.S. Biometric Expansion Spurs Profit-Taking

Worldcoin (WLD) is currently trading at $1.424 on Binance, reflecting a 7.11% decrease over the past 24 hours, with significant trading volume and a market capitalization of approximately $2.24 billion. The recent price decline follows a period of heightened activity driven by Worldcoin’s $135 million fundraising round led by Andreessen Horowitz and Bain Capital Crypto, and the expansion of its biometric identity product to the U.S. market. While these developments initially resulted in a notable price rally and increased market interest, the subsequent increase in circulating supply from a direct token sale and profit-taking by investors appear to have contributed to the recent downward price movement.