Worldcoin team triggers panic after shifting $25.6 mln WLD: Will $0.55 hold?
The post Worldcoin team triggers panic after shifting $25.6 mln WLD: Will $0.55 hold? appeared on BitcoinEthereumNews.com.
Worldcoin has traded within a multi-month descending channel, staying below the 20-, 50-, 100-, and 200-day moving averages. In fact, as of this writing, Worldcoin [WLD] traded at $0.58, after a slight 1.0% rise on the daily charts. Before these minor gains, the altcoin had been on a downward trajectory, dropping 7.2% on weekly charts. While WLD has faced significant bearish pressure, the Worldcoin team added Worldcoin team moves $25.6 million worth of WLD Unexpectedly, the Worldcoin main team’s wallet transferred 44 million WLD tokens, worth $25.6 million. According to Etherscan, these tokens were moved to two additional team-linked addresses. One address received 24 million WLD tokens, while the second wallet received 20 million tokens. Source: Etherscan Historically, tokens from these wallets have often been routed to exchanges through Amber Group wallets. Therefore, the move suggests potential future outflows, which could cause more stress to the already overwhelmed market. For example, a month ago, the team moved 40 million tokens, which were then listed on exchanges. As a result, the altcoin’s downward pressure intensified, with the altcoin hitting a low of $0.56. Such a massive outflow will accelerate the downward momentum, leading to more losses for WLD. WLD is under intense selling pressure Besides, holders and investors have capitulated amid a prolonged bearish trend, along with the recent team transfers. According to CryptoQuant, Spot Taker CVD turned red again after being green for two consecutive days. As such, buyers failed to regain the market. Source: CryptoQuant Such a shift indicates seller dominance in the market after totally displacing buyers, a clear sign of aggressive selling. In fact, Worldcoin saw 10.65 million in Sell Volume, compared to 9.8 million in Buy Volume over the past day. As a result, the altcoin saw a negative Buy Sell Delta of -0.85 million, indicating higher selling…
Filed under: News - @ December 7, 2025 10:15 am