Worldcoin price drops amid $1.6M WLD transfer – Can $0.46 hold?

Worldcoin [WLD] is trending down after hitting a strong resistance level at the $0.60 zone. Consequently, the price of WLD has fallen over 7% in the past 24 hours at press time, reducing its weekly gains to 14%. The drawdown stems from aggressive selling by the WLD team and other market participants, along with generally weak trading activity. Why is Worldcoin crashing? The most significant selling activity came from a wallet linked to Worldcoin's team or venture capital (VC) investors. According to Arkham data, the wallet recently sold 2.75 million WLD worth approximately $1.61 million on Binance. Before the sale, the wallet conducted a small test transaction of around 10 WLD tokens.

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