Worldcoin (WLD) Dey Eye $0.30 After $65M OTC Sales
Worldcoin (WLD) don announce new $65 million OTC token sale from World Assets, Ltd., wit deals average price about $0.2719 and roughly 239 million WLD don move. Settlement start March 20, and di oda transfers link to one designated World Assets multisig wallet. About $25 million worth of WLD lock for six months, so dem no fit sell everything sharp sharp.
Money go to core operations, R&D, Orb manufacturing, and ecosystem development wey join World identity and wallet network. Project also talk proof-of-personhood progress: near 18 million unique verified users and about 39 million World App users across 160+ countries.
Market reaction mixed: Worldcoin (WLD) briefly drop to new lows near $0.24 after the news, den bounce back near ~$0.27. Traders dey watch key technical levels (resistance near $0.291 and $0.333; supports around $0.269 and ~$0.243). RSI conditions describe as weak/near-oversold (fit support small short bounces), but the broader trend still fragile with bearish signs.
Longer-term risk dey too. Article repeat regulatory pressure over iris/biometric operations for different countries and one July 2025 unlock wey cover 52.5% of WLD’s 10B total supply, fit bring more sell pressure. Net: Worldcoin (WLD) fit consolidate or bounce near support, but supply and regulation headlines keep upside limited for now.
Bearish
Even though dem do $65M OTC sale plus small six-month lockup fit reduce immediate selling, di overall trading read-through still bearish for WLD. Di announcement trigger sharp selloff go near ~$0.24 area before e small bounce, while technical condition remain fragile (bearish structure even if RSI maybe weak/or near-oversold). On top of that, di article point to ongoing regulatory pressure around iris/biometric operations for different jurisdictions, weh fit weigh down sentiment. Most importantly for market supply, dem state again say: July 2025 get 52.5% unlock of WLD’s 10B total supply, a clear medium-term seller overhang. That combination — downtrend/technical fragility plus regulatory overhang and di big upcoming unlock — likely go cap rallies and keep volatility high, even if short bounces fit happen near support.