Worldcoin fell nearly 12% while Robinhood added the token to its trading platform, bringing new attention to the project as allegations linked to co-founder Sam Altman continue to weigh on sentiment.
summary
- Robinhood added Worldcoin to its cryptocurrency trading platform as the price of WLD fell nearly 12%.
- Allegations regarding the Orb linked to Sam Altman have added new pressure to investor sentiment.
- WLD is testing key support near $0.53 ahead of a planned reduction in token unlocks next month.
According to a June 23 announcement
The list arrives during a difficult period for the project. At the time of writing, Worldcoin (WLD) was trading at around $0.53 after falling nearly 15% over the past 24 hours.
Although listings on major exchanges and brokerages often improve liquidity and visibility, traders seemed reluctant to follow the news. The token remains well below its recent peak in June near $0.70 despite gaining access to Robinhood’s customer base.
Selling pressure continues despite Robinhood listing
Market attention has increasingly turned towards allegations related to Altman and entities associated with the Worldcoin ecosystem.
a report Highlight Internal investigations at Orb, a startup linked to Worldcoin, examined payments that the company’s leadership allegedly approved for a foreign entity, podcast host Katie Miller said. According to the report, the aim of these payments was to influence the market performance of the WLD token.
The allegations added another layer of uncertainty around the project, which has already faced criticism over its biometric identity verification system and token distribution model.
Earlier this month, Worldcoin also attracted attention after BitMEX co-founder Arthur Hayes It has been detected He sold his holdings in WLD. Its exit heightened concerns among traders already navigating rising volatility across the token.
The July token unlock sale is approaching
Meanwhile, Worldcoin is preparing to change its token issuance schedule. According to project details, Worldcoin is expected to reduce its token opening rate starting July 24, 2026. Low opening rates typically slow down the pace of new tokens entering circulation and can reduce selling pressure from newly released supply.
The planned adjustment has sparked debate among traders because supply-related changes have historically affected price movement in cryptocurrency markets. However, recent trading suggests that investors are still more focused on the controversy surrounding the project than on the upcoming changes to the token economy.
Separately, there was renewed debate about A Possible future public listing of OpenAI It brought additional attention to projects associated with Altman, including Worldcoin. Although there is no direct connection between OpenAI’s plans and Worldcoin’s distinct economics, the growing visibility has kept the project in market conversations.
For now, technical indicators suggest that traders are becoming increasingly cautious despite Robinhood’s listing. On the daily chart, WLD fell to the 61.8% Fibonacci retracement level near $0.53 after failing to hold above $0.60, while the MACD produced a bearish cross and its histogram dropped below zero.
The Relative Strength Index has also fallen sharply from its recent highs, indicating that buying pressure has faded after the token rose to nearly $0.70 earlier this month.
A sustained move below $0.53 could open the door to a deeper bounce towards $0.48 and possibly $0.42, while a recovery above $0.62 would be needed to ease immediate downside pressure.
