Worldcoin (WLD) Eyes $0.30 After $65M OTC Sales
Worldcoin (WLD) disclosed a new $65 million OTC token sale from World Assets, Ltd., with deals at an average price of about $0.2719 and roughly 239 million WLD transferred. Settlement began March 20, with remaining transfers linked to a designated World Assets multisig wallet. About $25 million worth of WLD is locked for six months, limiting immediate selling.
Funds are earmarked for core operations, R&D, Orb manufacturing, and ecosystem development tied to World’s identity and wallet network. The project also highlighted its proof-of-personhood momentum, including nearly 18 million unique verified users and about 39 million World App users across 160+ countries.
Market reaction has been mixed: Worldcoin (WLD) briefly dipped toward new lows near $0.24 after the news, then rebounded toward the ~$0.27 area. Traders now watch key technical levels (resistance near $0.291 and $0.333; supports around $0.269 and ~$0.243). While RSI conditions have been described as weak/near-oversold (supporting possible short bounces), the broader trend remains fragile with bearish signals.
Longer-term risk also looms. The article reiterates regulatory pressure tied to iris/biometric operations in multiple countries and a July 2025 unlock covering 52.5% of WLD’s 10B total supply, which could add sell pressure. Net: Worldcoin (WLD) may see consolidation or rebounds near support, but supply and regulation headlines keep upside capped for now.
Bearish
Despite a $65M OTC sale and a partial six-month lockup that can reduce immediate selling, the net trading read-through is still bearish for WLD. The announcement triggered a sharp selloff toward the ~$0.24 area before a bounce, while technical conditions remain fragile (bearish structure despite potentially weak/near-oversold RSI). On top of that, the article highlights ongoing regulatory pressure related to iris/biometric operations across multiple jurisdictions, which can weigh on sentiment. Most importantly for market supply, a July 2025 event is reiterated: a 52.5% unlock of WLD’s 10B total supply, a clear medium-term seller overhang. That combination—downtrend/technical fragility plus regulatory overhang and an upcoming large unlock—likely caps rallies and keeps volatility elevated, even if short bounces are possible near support.