WLD closed 47% higher in Q2, although the token has plunged over 36% YTD, marking the third consecutive year of losses. To remind, WLD tanked more than 77% on Binance in 2025.
July’s highlights included the sale by Worldcoin Foundation of over 217 mn tokens to a group of investors for $52.5 mn and Grayscale’s decision to file an S-1 registration statement with the SEC to launch a Bitcoin ETF on Worldcoin.
For the record, Worldcoin is a digital identity and financial network project, which was launched by Sam Altman in 2023.
In recent headlines, the market reacted to a large extent negatively to the WLD-related news, as the token changed hands at a steep discount of around $0.24/token.
As a result, the platform’s capitalization has slid over 25% since early July. On the other hand, experts noted that the tokens sold are subject to a one-year lockup, which poses no short-term risks to WLD.
Other positive news, which produced no tangible impact on the market, is that Worldcoin slashed its daily WLD issuance by over 40% to ease inflationary pressure.
Technically, WLD reached a local high of $0.72 from May through June, forming a resistance cluster within the $0.57-0.72 range.
The slope of the regression price channel remains negative, signaling a persisting bearish trend. If the downturn gains momentum, the bears could be targeting $0.22 as the next support level.
Should the token break through that mark, a move toward $0.04 to $0.05 could be in the cards.
Meanwhile, the bulls might be able to form a classic double-bottom reversal pattern, with a retracement to an upward track.
However, this scenario will at least need confirmation of a reversal.