Robinhood added Worldcoin (WLD) to its crypto trading platform on June 23, 2026, offering the token exposure to a wider retail investor base. The announcement came via Robinhood’s official X account, stating that users can now trade WLD. However, the listing failed to spark a rally, as WLD plunged nearly 15% in 24 hours to trade around $0.53, well below its recent June peak near $0.70.
Allegations weigh on sentiment
Selling pressure intensified after a report highlighted internal investigations at Orb, a startup associated with Worldcoin. The probe examined payments allegedly approved by company leadership to a foreign entity, with the stated aim of influencing WLD’s market performance. The allegations add to existing criticism of Worldcoin’s biometric identity verification and token distribution model. Arthur Hayes, co-founder of BitMEX, also disclosed he had sold his WLD holdings earlier this month, further dampening trader confidence.
Token unlock reduction ahead
In a move that could ease supply-side pressure, Worldcoin is scheduled to reduce its token unlock rate starting July 24, 2026. Lower unlocks typically slow the entry of new tokens into circulation, but the market seems more preoccupied with the controversy than with the upcoming tokenomics change.
Technical picture remains fragile
On the daily chart, WLD has retreated to the 61.8% Fibonacci retracement level near $0.53 after failing to hold above $0.60. The MACD produced a bearish crossover with its histogram below zero, while the RSI has fallen sharply from recent highs, signaling fading buying pressure. A sustained break below $0.53 could open the door to $0.48 and $0.42, while a recovery above $0.62 would be needed to ease immediate downside risk. Analysts note that price may consolidate between $0.52 and $0.54 if market conditions stay quiet.
