Key Insights:
- Worldcoin team reportedly sold $38 million worth of WLD tokens.
- The WLD price is now facing a key test at major support levels.
- In July, Worldcoin will witness a massive token unlock with more than 20% of its supply released into the market.
Worldcoin (WLD) price faced a significant decline as the team reportedly sold 117 million tokens.
The WLD token price dropped over 2.5% as it nears a major token unlock with over 50% supply ready to be added in the circulating supply.
Worldcoin (WLD) Price Action Today
The Worldcoin (WLD) price dropped 2.62% and traded around the level of 0.3140 at press time on Saturday, March 21.
Meanwhile, new on-chain action indicates a massive transfer of tokens related to the treasury of the project.
According to data from Arkham Intelligence, about 117 million WLD tokens worth about $38.7 million were recently moved in what is believed to be an over-the-counter (OTC) transaction.
Worldcoin shifted the tokens to large exchanges such as Binance and FalconX where it was then seen that almost 35 million USDC returned to related wallets. Structured deals are generally associated with such flows as opposed to open market selling.
It implies distribution at the institutional level as opposed to retail-based activity. Nevertheless, despite the transfers, wallets linked to Worldcoin still store around 6.34 billion WLD tokens equivalent to $2 billion at its present value.
WLD Price Technical Analysis Ahead of Token Unlock
Intraday trading kept the Worldcoin price within a tight range between $0.31 and $0.34, with daily trading volume of approximately $200 million. Lower time-frame technical indicators depict a weak bearish pattern.
WLD price also has poor short-term momentum as it trades below its moving averages in the 7-period and 30-period moving averages on the one-hour chart. Relative Strength Index (RSI) is at 38, which means that there is still selling pressure in the market without any oversold condition.
In the meantime, the Moving Average Convergence Divergence (MACD) histogram has not crossed the zero line yet, indicating that it carries on with a downward bias.
The base scenario places WLD price within the $0.31 to $0.34 range, supported by RSI levels expected to fluctuate between 35 and 45 and a marginally negative MACD trend.
An upward trend would entail a sustained break to the above resistance levels of $0.34.
A change in the momentum indicators such as RSI moving towards the 50 level and positive crossover in MACD would open the way to the $0.35 level.
On the downside, when selling pressure falls below $0.31, losses may rise faster. A further fall in RSI to around 35 in conjunction with a further negative MACD histogram may see the Worldcoin (WLD) price into the low $0.30 range.
Among the existing flows of supply, there are future tokenomics modifications that are under the spotlight. Worldcoin will release around 52.51% of its total WLD token supply on July 23, 2026, at 17:00 UTC, according to the data by DefiLlama.
The event represents one of the largest remaining token release cliffs, introducing a substantial volume of previously locked tokens into circulation.