Worldcoin falls 7% as trading volume drops 38%, price hovers above $0.54

Worldcoin (WLD), the digital asset linked to OpenAI CEO Sam Altman’s digital identity initiative, declined by nearly 7% on October 22, partially retreating from its 21% rally earlier in the week. The move came as traders reassessed whether the recent rebound could be sustained. Early Thursday, WLD traded around $0.5455, reflecting a 6.61% drop over the previous 24 hours. The token’s trading volume sank sharply, decreasing by approximately 38.5% alongside the selloff, which many analysts consider a sign of cooling momentum after the rapid rise. Worldcoin’s total market capitalization settled near $2.08 billion, as tracked by token data platforms. However, the cryptocurrency managed to retain modest weekly gains, suggesting that the latest correction has not fully reversed its recovery. Recent fluctuations mirror patterns observed earlier this year.

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