Despite Worldcoin (WLD) experiencing a sharp price decline of over 30% this month, several prominent cryptocurrency investment funds have been quietly accumulating the token. Data from Nansen reveals that DACM, Kenetic Capital, CoinFund, and Hashed have all increased their WLD holdings over the past week.
The most significant move came from DACM, which built a brand new position of 1.4 million WLD tokens—withdrawing them directly from Binance—after having zero holdings just a week prior. Kenetic Capital added over 143,800 WLD across two wallets, CoinFund increased its holdings by approximately 67,200 tokens, and Hashed added roughly 38,400 WLD. Notably, no selling activity was reported from these entities during the same period.
This accumulation is occurring against a backdrop of significant market pressure. Worldcoin's price has fallen over 40% year-to-date, trading around $0.27 as of March 27, with a market capitalization of approximately $867 million. The decline has been exacerbated by a broader risk-off sentiment among investors, driven by escalating geopolitical tensions in the Middle East.
Further selling pressure concerns emerged as the Worldcoin team transferred around $26 million worth of WLD tokens to centralized exchanges. Data shows the total balance of WLD held across all exchanges surged over 25% in a week to $742 million, raising fears of a potential supply overhang.
Technically, WLD remains trapped within a multi-month descending parallel channel pattern that began in early October 2025. The token is forming lower highs and lower lows, with immediate resistance between $0.40 and $0.45. Key support sits at $0.25-$0.28; a break below this zone could expose a drop toward $0.20-$0.22. Indicators like the Supertrend and MACD confirm bearish momentum remains in control.
This creates a notable divergence: institutional-style accumulation is colliding with a fragile chart and negative macro sentiment. The token also faces ongoing regulatory scrutiny over its biometric data collection, leading to operational suspensions in countries like Brazil and Indonesia in early 2026.
