Worldcoin Price’s 95% Rise Triggers Whales’ WLD Supply Drop To July Lows

Worldcoin price has been on a strong uptrend, briefly reaching $2 earlier this week. However, despite the impressive rise, the sustainability of this rally is in question. 

Crucial holders have already begun booking profits, and technical signals suggest WLD may be approaching saturation.

Worldcoin Whales Sell

Large Worldcoin holders have played a significant role in shaping recent market moves. Over the past 48 hours, whale addresses holding between 1 million and 10 million WLD sold more than 49 million tokens, valued at over $85 million. This heavy selling reflects profit-taking behavior.

Even after the sell-off, these whale wallets still control around 938 million WLD, making them an influential cohort for price action. If they continue liquidating holdings, the selling pressure could easily outweigh bullish sentiment from smaller traders, preventing WLD from holding its recent gains.

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Worldcoin’s macro momentum is showing signs of strain as technical indicators flash caution. The Relative Strength Index (RSI) is currently sitting in the overbought zone, signaling the asset has hit a saturation point. Such conditions typically precede market corrections as investors look to exit at higher prices.

This reading suggests that whales’ recent selling was not accidental but aligned with broader technical signals. If the RSI continues to hover in overbought territory, more profit-taking could occur, potentially leading to a price reversal in the short term.

WLD Price May Take A Hit

Worldcoin is currently trading at $1.75, up 95% in the past week. The token briefly crossed $2 during its intra-day rally, but it failed to hold above that level, suggesting resistance remains strong.

At present, WLD is clinging to the $1.74 support. However, given the heightened selling pressure and weakening momentum, the token could fall through this floor. A decline to $1.54 or even $1.33 remains possible if sellers dominate.

That said, if whales ease their selling and investor confidence stabilizes, Worldcoin price could defy the bearish trend. A push past $2 would open the door for further gains, with $2.17 emerging as the next target and potential invalidation of the bearish outlook.