Worldcoin has hit a rough patch, sliding to $0.51 with a 12% drop over the past week as mounting sell pressure weighs on the token. The immediate culprit? A significant unlock event that released 21.5 million WLD into circulation this week, flooding the market with fresh supply at an inopportune time.
The broader market backdrop isn't helping matters either. Bitcoin dominance currently sits at 59%, pulling liquidity away from mid-cap altcoins like WLD. This liquidity drain has left the token vulnerable, breaking through key moving averages and testing the $0.50 support level. Without a shift in macro conditions or reduced selling pressure from unlocks, WLD could face further downside in the near term.
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FlashLoanLord
· 8h ago
It's another unlocking wave, and this time WLD really hurts.
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MemeKingNFT
· 8h ago
It's another wave of unlocking, and BTC is sucking blood; WLD has really become an ATM.
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Is this the result of 21.5M getting dumped? It seems those who laid out early should recognize the reality.
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Can't even hold the 0.50 support; we really need to build a bottom this time or continue the big dump.
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Playing mid-cap with such high BTC dominance is just asking for trouble; I’ll just watch the changes.
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To put it bluntly, it's still an unlock issue; the timing of the project party's operations is really terrible.
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Is anyone buying the dip at 0.51, or has everyone been played for suckers and gotten scared?
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SchrodingerWallet
· 8h ago
WLD has fallen again, this unlocking mechanism is really a devil...
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AirdropDreamer
· 8h ago
It's the old trick of unlocking and dumping again; WLD has really been trapped this time.
WLD Faces Sharp Selling Pressure Amid Supply Surge
Worldcoin has hit a rough patch, sliding to $0.51 with a 12% drop over the past week as mounting sell pressure weighs on the token. The immediate culprit? A significant unlock event that released 21.5 million WLD into circulation this week, flooding the market with fresh supply at an inopportune time.
The broader market backdrop isn't helping matters either. Bitcoin dominance currently sits at 59%, pulling liquidity away from mid-cap altcoins like WLD. This liquidity drain has left the token vulnerable, breaking through key moving averages and testing the $0.50 support level. Without a shift in macro conditions or reduced selling pressure from unlocks, WLD could face further downside in the near term.