Worldcoin drops 13% in 24 hours as overextended rally fades

Worldcoin fell 13% in 24 hours as traders booked profits from a 70% rally that lifted the token from its all-time low of $0.233 on May 18.

"These aren't random pumps, they're conviction plays with real catalysts in a sea of beta," Andri Fauzan Adziima, research lead at Bitrue Research Institute, said. "Capital is rotating hard into narratives with actual utility, yield, or tech edge."

The retracement follows a surge to $0.48, a level not seen since February, before the token retreated below $0.40. Trading volume fell 15% over the past day, signaling reduced buyer conviction during the pullback. Bitcoin's decline below $70,000 — the first time in eight weeks — triggered $728 million in leveraged liquidations across the market, according to CoinGlass data.

The pullback places WLD near a key support zone between $0.319 and $0.354, a level analysts at Bitrue and HashKey Group identify as a potential re-entry point. A drop below $0.275 would break the bullish structure, while a bounce from current levels could target $0.532.

What drove the rally

Worldcoin's 70% surge over two weeks was fueled by whale buying, derivatives interest, and real-world adoption wins such as live music ticketing via World ID, Adziima said. The token also benefited from a broader rotation into AI-related crypto assets, with NEAR Protocol and Internet Computer posting double-digit gains during the same period even as Bitcoin slumped.

Arthur Hayes, chief investment officer at Maelstrom and co-founder of BitMEX, called for a WLD rally on June 2, posting "Arise Chikun! WLD initiate bull market" on X. Hayes has confirmed positions in Hyperliquid, NEAR Protocol, and Zcash — all of which recently hit record highs.

Supply risk remains

Despite the rally, WLD trades 96% below its all-time high of $11.74. The token's circulating-to-total supply ratio stands at 0.34, meaning billions of locked tokens remain subject to future unlocks that could generate sustained selling pressure, according to CoinGecko data.

What to watch

The $0.319 to $0.354 zone represents the golden pocket of the recent rally and offers the highest-probability entry for swing traders, according to technical analysis from AmbCrypto. A breakdown below $0.275 would invalidate the bullish structure, while a successful bounce could drive WLD toward $0.532 in the coming weeks.

This article is for informational purposes only and does not constitute investment advice.