Worldcoin Slips Near $0.45 as Altman's OpenAI Files IPO, SoftBank Loan Stalls 8%

Worldcoin News

Sentiment around Sam Altman-linked crypto assets — including the Worldcoin token (WLD), the iris-scanning identity network he co-founded — is being reshaped by a wave of headlines from his AI venture OpenAI. In an internal note to staff this week, Altman said the company expects to go public "within the next year," and confirmed it had confidentially submitted IPO paperwork to the SEC around June 8. The official filing points toward a valuation approaching $1 trillion, a record-setting target. As the most closely watched name in the altcoin sector tied to Altman, WLD tends to trade as a proxy for his broader fortunes, amplifying every move in the OpenAI saga.

The flotation, however, would hand public investors an unusually cash-hungry business. OpenAI completed a $122 billion raise in March at an $852 billion post-money valuation, yet projections suggest the company will not turn positive cash flow for at least four years. By 2028, compute spending alone is expected to reach $122 billion, leaving an estimated $85 billion net loss even as revenue doubles. Secondary-market data from Forge Global shows rival Anthropic has since climbed to a $965 billion valuation, overtaking OpenAI. For WLD holders watching from a deep bear market, that financial profile injects fresh uncertainty into the Altman ecosystem.

Financing strains are already surfacing among OpenAI's biggest backers. SoftBank shares dropped more than 8.3% after its plan to raise a margin loan of at least $6 billion — collateralized by its OpenAI stake — stalled in negotiations. The target had already been cut roughly 40% from an initial $10 billion as lenders turned cautious, with about $5 billion in commitments secured before talks paused. SoftBank also faces a $40 billion bridge financing tied to its OpenAI investment that must be repaid by March 2027. The episode underscores how fragile valuations of unlisted AI equity remain, a nervousness that bleeds directly into Altman-adjacent tokens.

The IPO itself has become a battleground for Wall Street's largest banks. Goldman Sachs and Morgan Stanley are jockeying for the coveted lead-left underwriting role on both the OpenAI and Anthropic listings, each expected to raise more than $60 billion, for a combined haul above $120 billion. Beyond the roughly $600 million in headline underwriting fees, IPO specialists estimate banks could recover over $7 billion in "soft dollars" — inflated trading commissions funds pay to win larger share allocations. With the lead-left mandate still undecided, managers are hedging by routing order flow to both banks, intensifying the contest.

OpenAI is simultaneously locking in its physical footprint. The company is in late-stage talks for a 20-year lease on a 10GW AI data-center campus on federal land in Ohio, what would be its largest infrastructure commitment to date. Nvidia is discussing credit support for the project — effectively financing or guaranteeing the build so OpenAI can rent on better terms while running Nvidia GPUs inside, a "build-then-lease" loop. The pair earlier finalized a $3 billion equity tie-up, trimmed from an initial $10 billion intent, alongside a staged plan to deploy 10GW of capacity. Such capital intensity raises the stakes on every Altman-linked balance sheet.

To steady morale ahead of the listing, Altman also told employees a new share buyback is imminent. The tender offer is expected to price stock at $687.69 per share, letting staff and early investors convert equity grants into cash before any public debut. The move arrives as the broader new-listing wave accelerates: SpaceX is slated to IPO on June 12 with Goldman as lead underwriter, ahead of the OpenAI and Anthropic deals. For traders tracking Worldcoin on every major exchange, this clustering of Altman-related catalysts has sharpened short-term volatility in WLD.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates WLD's $0.4292 support at 88/100, the structure's strongest floor, driven by the confluence of the Fibonacci 0.500 retracement and the Ichimoku Kijun and Senkou B lines; a secondary support at $0.3757 scores 74/100, anchored by the SMA 20 and a high-volume node. To the upside, the $0.5368 resistance rates 84/100 (Fibonacci 0.236 plus Point of Control), with $0.4770 at 76/100 from the Ichimoku Tenkan. With spot near $0.45 down 9.85%, RSI at 55.55 and MACD still bullish, a slightly negative -0.0344% funding rate and $100.6M open interest signal cautious shorts; a daily close below $0.4292 would invalidate the uptrend, especially with the Fear & Greed Index at 9 (Extreme Fear).