Worldcoin's Price Plunges as Whales Dominate Market Activity
Worldcoin [WLD] has declined 11% in the past day, extending its 30-day loss to 14%. The decline could deepen as whales dominated market activity and the on-chain structure remained weak.
Whale Dominance Surges
CoinGlass' Whale Retail Delta showed that whale dominance spiked to 0.222, while the Funding Rate turned significantly bearish at -0.0389%. WLD's Open Interest also fell by $28.57 million to $278.38 million.
Sellers Dominate Trading Volume
Sellers dominated most WLD perpetual trading volume across centralized and decentralized exchanges. CoinGlass' Long/Short Ratio showed that sell-side activity represented 53% of WLD's trading volume. Sell-side volume led on 16 of the 18 exchanges trading WLD, representing nearly 89% of those venues.
Limited On-Chain Activity
On-chain activity also remained limited, reducing WLD's chances of a notable recovery. World Chain recorded declining DEX Volume across its decentralized exchanges, and generated only $573 in Fees during the past 24 hours.
Price Outlook
If this pressure continues, WLD could erase its accumulated 90-day gain of approximately 35%. The combination of bearish derivatives positioning and limited on-chain activity suggests weak demand for WLD, which could weigh further on its price while sellers remain in control.
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