Worldcoin has been trading like it’s auditioning for a sad indie film, stuck in a multi-month descending channel and cozying up below every moving average you can think of. 📉
As of this writing, Worldcoin [WLD] is hanging out at $0.58, which is basically the equivalent of finding a penny on the sidewalk-exciting for a second, then you realize it’s just a penny. 🪙 It’s up 1.0% on the day, but let’s be honest, it’s been on a downward spiral, dropping 7.2% weekly. Yikes. 😬
And just when you thought things couldn’t get worse, the Worldcoin team decided to spice things up. 🍿
Worldcoin Team Shifts $25.6M Worth of WLD Like It’s Hot Potato 🥔
Out of nowhere, the Worldcoin team’s wallet transferred 44 million WLD tokens, worth $25.6 million, to two other team-linked addresses. One got 24 million tokens, the other got 20 million. 🤷♀️
Historically, tokens from these wallets end up on exchanges via Amber Group wallets, so this move screams “future outflows incoming!” 🚨 Translation: more stress for an already stressed-out market. Can’t wait. 🙄
Remember last month? The team moved 40 million tokens, dumped them on exchanges, and-shocker-WLD went spiraling down to $0.56. So, yeah, expect more sadness ahead. 😭
WLD Is Basically a Fire Sale 🔥
Holders and investors are throwing in the towel faster than a toddler during a tantrum. 🚼 The prolonged bearish trend, combined with these team transfers, has everyone selling like it’s Black Friday.
According to CryptoQuant, Spot Taker CVD turned red again after two green days. Buyers? Nowhere to be found. Sellers? Dominating the party. 🎉
To add insult to injury, Worldcoin saw $10.65 million in Sell Volume vs. $9.8 million in Buy Volume over the past day. Negative Buy Sell Delta of -$0.85 million? Aggressive selling confirmed. 🎯
Historically, increased selling leads to lower prices, so buckle up. The downward momentum is accelerating like a toddler on a sugar rush. 🚗💨
Is a Further Slip Inevitable? 🤔
AMBCrypto reports that Worldcoin is under intense bearish pressure, with sellers owning the market like they’re flipping houses on HGTV. 📺
The Stochastic Momentum Index is now at -37, meaning downward momentum is strong. Think of it as WLD’s version of “I’m not mad, just disappointed.” 😔
If these tokens hit exchanges, WLD could break the $0.55 support level and slide to $0.50. To avoid this doom, WLD needs to reclaim $0.6, which would target the 20EMA at $0.635. But let’s be real-that’s a big “if.” 🎲
Final Thoughts (Because We All Need Closure) ✍️
- The Worldcoin team transferred 44 million WLD tokens, valued at $25.6 million-because why not stir the pot?
- Worldcoin is under intense selling pressure, and $0.55 support is hanging by a thread. 🧵
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2025-12-07 13:16