Worldcoin's Weekend at Bernie's: WLD Dead at $0.27, Team Already Shopping for Coffins

Worldcoin [WLD] has been on a rough ride since dropping below $1, trading in a strong downtrend with lower lows since January. The altcoin just couldn't catch a break, breaching the $0.3 support and hitting a 6-month low of $0.2701. At press time, WLD was down 9.03% at $0.282.

The market cap didn't fare any better, shrinking from $1 billion to $876 million as capital flowed out the door. Over $4.26 million in long positions got liquidated, stretching that downtrend even further.

Meanwhile, the Worldcoin team made some interesting moves. Onchain Lens reported they sent 89.65 million WLD ($26.17 million) to a new wallet, then started shuffling funds to multiple CEXs. When teams move tokens to exchanges, it could mean either preparation for sale (bad for price) or providing liquidity (less bad, but still potentially bearish).

On the spot side, sellers were running the show on Binance. Sell volume hit 94 million while buy volume dropped to 76 million, with net market delta at -152 million. Futures didn't look any better—inflows came in at $101 million while outflows jumped to $120.3 million, sending netflow down 277% to -$18.98 million. Aggressive exits across the board.

Technical indicators aren't painting a pretty picture either. The RSI is deep in bearish territory and creeping toward a bearish crossover, suggesting sellers have dominated buyers. The Future Grand Trend indicator points to continued decline, possibly below the $0.2 support.

For a reversal, WLD would need to reclaim $0.3 and flip it into support.