Worldcoin’s downturn deepens as whales sell, adoption stalls

Worldcoin, the ambitious crypto project blending iris-scanning tech with universal basic income dreams, is staring down a tough road ahead.

With its token WLD trading at $0.3694, down 3.5% in the last day and a whopping 67.8% over the past year, holders are feeling the heat.

In addition, the project's market cap sits at around $1.05 billion, a far cry from its all-time high of $11.74 back in March 2024.

Recent dips, including a fresh all-time low of $0.318 just two weeks ago, paint a picture of relentless selling pressure.

As whales dump bags and regulators keep circling, the outlook looks grim for those still betting on a turnaround.

Whale activity and supply pressure weigh on the WLD price

At the beginning of this week, a major WLD holder, believed to be an early insider, dumped over 14 million WLD tokens (worth approximately $5.7 million) on Binance, according to Arkham.

The sell-off pushed WLD below the psychological $0.40 level and reignited concerns about continued supply flooding the market.

We've seen this pattern before: since launch, Worldcoin, which rebranded to World Network, has faced repeated price shocks from token unlocks and whale exits, preventing any sustained recovery despite periodic hype around new features or partnerships.

Regulatory backlash undermines the adoption narrative

Beyond price action, Worldcoin’s real-world operations are facing escalating resistance.

Its signature Orb devices, designed to verify human identity through iris scans while preserving privacy, have sparked widespread regulatory scrutiny.

In Kenya, one of Worldcoin’s earliest and largest testing grounds, authorities ordered the deletion of all collected biometric data last year following serious privacy concerns.

Similar regulatory actions have emerged elsewhere, including operational shutdowns in Colombia and a suspension of activities in Indonesia and Thailand.

These developments represent more than short-term obstacles.

They directly challenge Worldcoin’s core adoption thesis at a time when user growth is critical for long-term valuation.

Even recent efforts to rebuild confidence, such as open-sourcing elements of its zero-knowledge proof system, have failed to materially improve market sentiment.

Tokenomics remain a long-term risk

From a supply perspective, Worldcoin's supply dynamics are a ticking bomb.

With slightly over 2.85 billion tokens circulating out of a 10 billion max supply, future unlocks could swamp demand if hype doesn't pick up.

The fully diluted value hovers at $3.7 billion, but getting there means convincing the world that eye scans for crypto airdrops are the future.

The project’s developer, Tools for Humanity, continues to promote its vision of privacy-preserving identity and global UBI.

However, ongoing lawsuits, regulatory bans, and slowed Orb rollouts have stalled momentum, leaving WLD trapped in a prolonged downtrend.

Technical indicators confirm the bearish bias

Technical signals align with the fundamental weakness.

The Relative Strength Index (RSI), for instance, currently sits at around 40, indicating neither oversold conditions nor strong buying interest.

At the same time, short and long-term moving averages continue to flash sell signals, suggesting limited upside without a major catalyst.

WLD price forecast

Traders eyeing Worldcoin (WLD) should keep their eyes on the support at $0.318, which, if breached, could lead to a further decline towards $0.30 or even $0.25 in a worst-case panic.

On the upside, the immediate resistance sits at around $0.3913, the 24h high, which, if broken, could mean the start of a rally towards $0.42.

Further still, a clean break above $0.42 could signal short-term relief toward $0.48-$0.50, although momentum looks too weak without fresh catalysts.

In the long term, bulls need $0.57 cleared to dream of a possible surge to $0.62-$0.73 by month's end.

However, with the fresh whale dumps and the biometrics under fire, downside risks outweigh rewards.

More pain seems likely for holders unless macro winds shift or the project delivers real wins.