Worldcoin Drops 22% in a Week – But Could OpenAI’s $8.3B Windfall Spark a Turnaround?

Worldcoin’s rough ride continued into August, with prices sinking to new monthly lows. But OpenAI’s massive new valuation could offer a glimmer of hope for the embattled token — if buyers are willing to look past the noise.

A Sharp Decline, With No Immediate Floor in Sight

Worldcoin (WLD) is not having a good week — and that’s putting it gently.

The cryptocurrency slumped for the fourth day in a row on Friday, closing at $0.97, its lowest level since May. That capped off a brutal 22% weekly drop, dragging investor morale deep into the red zone.

WLD’s performance has been hitched to broader macro headwinds too. The start of August brought an unwelcome combo: uncertainty over interest rates, a weakening risk appetite, and fresh political drama out of Washington. And it’s not just crypto feeling the sting — global equities also took a hit.

Powell, Trump, and the Fed Drama That Spooked the Markets

It didn’t help that Fed Chair Jerome Powell was back in the headlines again — and not for policy clarity.

Just two days after the Fed held rates steady on July 30, Donald Trump unloaded verbal fire at Powell, accusing him of mishandling inflation and intentionally weakening the economy. It was classic Trump, sure, but markets listened.

The result? Jitters.

And crypto, as always, acted like a leveraged bet on investor nerves. Bitcoin lost its grip on $60K, and altcoins like WLD bled even harder.

So, Where’s the Good News?

Buried under the sell pressure was one standout development: OpenAI’s latest funding round.

The AI giant, co-founded by Sam Altman — who also happens to be behind Worldcoin — just raised a staggering $8.3 billion. That’s at a mind-melting $300 billion valuation.

If that number didn’t make your eyes pop, consider this: OpenAI is on track to pull in over $20 billion in revenue this year, according to people close to the matter. That puts it in the same league as Adobe, Zoom, and even some major banks.

So what’s the link?

Altman. His name is now attached to two of the most headline-grabbing projects in tech — one in AI, one in crypto. Some investors see this as a future value overlap. Others? Not so much.

Oversold? Possibly. Bottoming? Maybe.

From a technical lens, WLD is sending mixed signals — but it’s worth unpacking.

The token is flirting with a support zone around $0.94, which has historically drawn buyers. Add to that a flattening MACD (Moving Average Convergence Divergence) on the daily chart, and you’ve got the makings of a possible short-term reversal.

Still, oversold doesn’t mean undervalued.

Here’s a quick snapshot:

One-liner? Traders are watching this level closely. If it holds, we could see a bounce.

Sentiment Remains Fragile, But Speculation Persists

Now for the human element — the crowd psychology that really drives price.

Most retail traders are out. Sentiment on Reddit and X (formerly Twitter) has turned icy. WLD mentions are down, and few influencers are calling for a breakout.

Yet, interestingly, whale wallets have stayed mostly steady. Data from Etherscan shows no major exodus from top holders. That suggests larger investors aren’t panicking — yet.

• Retail engagement down ~18% across major forums

• Whale wallets holding steady

• Derivatives data shows funding rates stabilising

That doesn’t mean buyers are rushing in. But it does suggest the floor might be forming.

So… Is This a Buy Signal or a Trap?

Here’s the million-dollar question: Is OpenAI’s monster raise a catalyst for WLD, or just a distraction?

For long-term holders, it could be a confidence boost. Altman clearly isn’t fading from tech stardom anytime soon. If he manages to integrate AI and crypto at scale — which is still theoretical — WLD could benefit by association.

But for short-term traders? It’s murkier.

WLD remains tied to general market volatility, and without a direct financial link between OpenAI and Worldcoin, the news may not be enough to break the downtrend just yet.

Still, markets have a funny way of front-running ideas. And when optimism returns — even briefly — WLD could be one of the names that catches a bid.