Worldcoin jumped up to 40% after reports of OpenAI’s plans for a new social media platform.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Sam Altman’s Worldcoin WLD $0.50 24h volatility: 9.5% Market cap: $1.40 B Vol. 24h: $828.78 M project is back in the spotlight as his AI company, OpenAI, unveils a new social media platform aimed at competing with Elon Musk’s X.
Following the announcement, Worldcoin’s price increased by 40%, attracting significant attention from traders.
In the past 24 hours, Worldcoin rose from $0.45 to $0.65 before retracing to around $0.52. Its market capitalization currently stands at $1.44 billion.
Daily trading volume increased 820% to $681 million, indicating high activity among traders. WLD futures open interest also rose 75% to $192 million, according to Coinglass data.
Worldcoin rose on Jan. 29 after reports indicated that OpenAI is developing a new social media platform featuring a “proof of personhood” system.
In an interview with Forbes, sources familiar with the matter said OpenAI is exploring the development of a “humans-only” platform, which would allow it to differentiate itself from existing social media services.
Sources told Forbes that a small team of just 10 people is developing an app with a biometric identity verification feature.
They said any form of “proof of personhood” could be confirmed using Apple’s Face ID or the Worldcoin Orb scanner.
Worldcoin is a popular iris scanning identification project built by OpenAI’s Sam Altman.
The biometric verification system is intended to make sure that every account on OpenAI’s proposed social network corresponds to a real person.
On the other hand, platforms like Facebook, LinkedIn, and X have relied mainly on phone numbers, email verification, and behavioral or network-based signals to establish user authenticity.
None of these platforms currently use biometric verification.
In September 2025, OpenAI signed a $300 billion computing infrastructure agreement with Oracle, which briefly boosted Worldcoin’s price.
Separately, BitMine invested $250 million into WLD treasury reserves, citing the World ecosystem’s zero-knowledge proof technology as a tool for trust and verification in future platforms.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
