Key Takeaways:
- Worldcoin (WLD) price plunged nearly 8%, erasing $120 million in market value — yet whales quietly withdrew over 18 million WLD from Binance, slashing liquidity and hinting at a potential bottom.
- Technical indicators show mixed signals, with RSI in oversold territory and key support levels at $0.90 and $0.50 — setting the stage for either further declines or a sharp rebound if buying pressure returns.
Worldcoin (WLD) is in free fall — and whales are scooping it up. The token plunged nearly 8% to around $0.9344 at press time, erasing $120 million in market value. As retail traders fled in panic and charts flashed red, two newly activated wallets quietly pulled over 18 million WLD — roughly $17.17 million — from Binance.
Big $WLD accumulation detected!
— Spot On Chain (@spotonchain) June 17, 2025
An hour ago, two fresh wallets jointly withdrew 18.196M $WLD (worth $17.24M) from #Binance.
Notably, this came after $WLD dropped 7% in the past 24 hours. Buying the dip? 🤔
Follow @spotonchain and track these wallets at 👇
1.… pic.twitter.com/m4GXUDozKF
That’s no accident. Whales rarely chase hype; they position for what comes next.
Big Players Slash Exchange Liquidity
The massive withdrawals immediately reduced WLD liquidity across major exchanges. When large holders pull tokens from Binance, it typically signals brewing moves — potentially OTC deals or preparations for a price reversal. With thinning liquidity, even minor buying pressure could trigger outsized price swings.
Is this an early signal of a bottom forming?
WLD has already lost nearly 18% over the past month. Since May 22, the project has shed nearly $900 million in market cap. Technical analysts like AltCryptoTalk had flagged the token’s vulnerability last week, pointing to a bearish breakdown from a rising wedge pattern. That breakdown sent WLD spiraling, with eyes now fixed on horizontal support near $0.50.
If that level holds, traders could re-enter quickly. Many are already eyeing a potential recovery toward $1.50.
Looking at the broader picture, WLD broke out of a multi-month falling wedge in April — a move that typically precedes longer-term bullish trends. If momentum and volume return, the stage could be set for a major rally.
Technical Indicators Give Mixed Signals
Currently, daily RSI shows WLD in oversold territory — suggesting prices may have fallen too far, too fast. Historically, these levels can attract bargain hunters. However, a deeper dip could still hand control to bears.
Bollinger Bands are tightening — a signal of reduced volatility. Notably, WLD trades below the lower band. A decisive close above $1.10 would likely flip sentiment back toward bullish.
Yet MACD indicators remain grim. A bearish crossover has formed, with both lines trending below zero — hinting at more short-term downside pressure.
Still, key support levels at $0.90 and $0.50 appear solid. If those zones hold, WLD could stabilize and reclaim lost ground.
Also Read: Worldcoin Layer-2 Grows, But WLD Risks Drop Below $1
Whales See Opportunity in the Chaos
What’s next for WLD? The whales have already made their move — positioning for what may lie ahead. While short-term uncertainty remains, long-term charts still whisper of untapped potential.
For now, traders watch every tick, every candle, every whale wallet. In this game of patience, big money often moves first.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
