- Worldcoin’s large transactions fell 74% in the last 24 hours.
- A test of the uptrend line support level could begin soon.
The Worldcoin (WLD) ecosystem is already in an uproar following Germany’s recent directive to delete iris scans.
Attempts to handle this situation with the utmost care in terms of privacy have further complicated Worldcoin’s adoption efforts.
The ripple effects are already starting to appear in the markets, especially in whale activity, a key driver of WLD price momentum.
Data from IntoTheBlock shows a significant 74% decline in large transactions on WLD over the past 24 hours. This sharp decline signals a potential pause or re-evaluation by major investors.
Since whale activity in altcoins is often correlated with market sentiment, current trends may largely depend on WLD’s near-term trajectory.
Source: IntoTheBlock
Impact of reduced whale activity on WLD
Whale trading is very important for increasing liquidity and price stability. As large transactions decline, WLD’s price dynamics could become much more volatile.
Reduced interest from larger players may signal caution, especially while regulatory issues cast a shadow over the project’s adoption goals.
A decline in whale participation usually means waning confidence. For WLD, this could mean limited upside momentum in the near term.
Short-term price corrections are more likely, with smaller investors bearing the brunt of market movements.
Uptrend line test
Worldcoin’s daily price chart suggested a potential test of the rising trendline support level. This support level has previously served as an important price floor, helping altcoins bounce back during periods of selling pressure.
If the trend line does not hold, WLD could face further downside, further strengthening the already bearish sentiment.
However, a successful rebound could reassure investors and provide an opportunity for a near-term bounce.
Source: TradingView
Is recovery possible?
While the recent slump in whale activity raises certain red flags, the case for WLD adoption may continue to resonate with long-term investors.
The project’s vision, despite its challenges, can still regain momentum once all regulatory issues are resolved.
Read Worldcoin (WLD) price prediction for 2025-2026
In fact, WLD’s Long/Short ratio data provided by Coinglass indicates a gradual surge in this indicator since December 29th.
This suggests that those taking long positions are slowly taking control and could fuel a price recovery in the near term.
Source: Coinglass