Worldcoin faces 7.197M WLD supply as taker selling pressures rebound

Worldcoin unlocked 4.418 million WLD on Aug. 12, with 2.779 million more from a team-linked transfer potentially entering circulation — 7.197 million in total supply pressure.

According to Nazoku, a market analyst on X, the wallet also received 2.779 million WLD from the team one year ago. Those tokens remained unsold, possibly because a one-year lock-up agreement restricted their movement.

The combined amount reached approximately 7.197 million WLD across both transfers. However, the 2.779 million allocation represented potential supply rather than a newly confirmed unlock. Any distribution would increase available tokens while Worldcoin already faced fragile market conditions.

Buyers would need stronger absorption to prevent additional supply from weighing heavily on price, especially as the 90-day Spot Taker CVD on CryptoQuant shows persistent seller dominance in market-order activity.

The Spot Taker CVD added a bearish factor to the ongoing supply picture. The 90-day indicator saw taker sell dominance, with market-order activity dominated by aggressive sellers. WLD entered the potential distribution period without convincing evidence of strong taker demand. The imbalance was significant because an increase in supply would necessitate sufficient demand to offset downside pressure.

However, wallet activity alone did not confirm immediate selling from the team-linked address. Whether those available tokens eventually find their way into active trading venues would be a significant factor in market pressure. Still, persistent taker selling weakened Worldcoin's ability to comfortably absorb a substantial increase in circulating supply.

Can $0.2995 anchor Worldcoin's recovery?

Price action offered buyers some relief after WLD rebounded from the $0.2995 support zone. The recovery carried WLD toward $0.3392, placing $0.3600 directly above the developing advance. DMI readings captured a narrow directional battle rather than strong buyer control. The +DI reached 21.2868, narrowly exceeding the -DI reading of 18.9691. ADX registered 22.5158, indicating the developing directional strength remained relatively limited.

A push through $0.3600 would strengthen the rebound and expose the higher $0.4413 level. Failure around $0.3600 could redirect attention toward $0.2995, especially alongside persistent taker selling. Team-linked distribution would further increase pressure around that support during another decline.

Nearby liquidation concentrations on Binance's WLD/USDT pair created immediate pressure points around the $0.339 trading region. The highest area of concentration from the nearby upside was found between $0.342 and $0.343, just above the current price. There was also a significant liquidity band between $0.349 and $0.350. Below price, substantial liquidation liquidity accumulated near $0.329 to $0.330, with additional clusters beneath $0.325.

The $0.343 region could attract price before Worldcoin confronts the broader $0.3600 resistance. Yet seller-dominant CVD and potential distribution increased the significance of the $0.330 downside pool. The loss of that area could speed up the move to lower clusters and ultimately pose a threat to $0.2995. Buyers therefore faced nearby upside liquidity but carried heavier fundamental supply risks.

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