Worldcoin Team Transfers $25.6M in WLD, Threatening Key $0.55 Support

The Worldcoin (WLD) project is facing significant market turbulence after its main team transferred 44 million WLD tokens, valued at approximately $25.6 million, to two separate wallets. According to on-chain data from Etherscan, one wallet received 24 million tokens while the other received 20 million.

This large-scale movement has sparked concern among traders, as historical patterns indicate such transfers from team-linked wallets are often routed to cryptocurrency exchanges via intermediaries like Amber Group. A similar event occurred just a month prior, when a transfer of 40 million tokens was followed by listings on exchanges, intensifying selling pressure and driving WLD's price down to a low of $0.56. The market fears a repeat scenario, which could accelerate the current bearish momentum.

WLD is already trading under intense selling pressure. Over the past 24 hours, sell volume reached 10.65 million compared to 9.8 million in buy volume, resulting in a negative Buy Sell Delta of -0.85 million. Spot Taker CVD data, which had turned positive for two days, has shifted back into negative territory, signaling renewed seller dominance. The Stochastic Momentum Index sits at -37, reflecting strong downward momentum.

As a result, WLD's price action is critically testing the $0.55 support level. A breach could see the altcoin drop toward $0.50. For a bearish reversal, WLD would need to reclaim the $0.60 level, which could stabilize the market and target the 20-day Exponential Moving Average (EMA) at $0.635. At the time of reporting, WLD traded at $0.58, showing a slight 1.0% daily gain but remains down 7.2% on the weekly chart, struggling within a multi-month descending channel below its key moving averages.