- Worldcoin saw an increase in whale sales over the weekend
- Altcoin’s selling pressure ended the recent recovery and dragged it to $2
On January 17, World currency [WLD] recorded massive profit taking by whales to capitalize on recent 22% recovery gains. Even according to the analysis platform SantimentWLD was among those who saw a +$1 million selloff on Friday.
Nearly 5 million WLD tokens (4.73 million, worth over $9 million) were dumped on centralized and decentralized exchanges, as illustrated by the spike in exchange inflows (red).
Source: Santiment
This was part of the busy selling that started in late December, as evidenced by the steadily rising Supply on Exchanges indicator (yellow).
In January alone, supply on the exchanges increased from 126 million to 141 million WLD coins – a sign of short-term supply pressure and profit-taking.
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Here it is worth pointing out that off-exchange supply (blue line) fell slightly from 9.87 billion to 9.85 billion over the same period. This indicated that demand for WLD fell slightly – a trend that could hinder WLD’s recovery in the short term.
The same bearish momentum was also visible on the network activity front. Daily active addresses (white) also fell lower, highlighting muted market interest in the altcoin.
Source: Santiment
However, at the time of writing, weighted market sentiment was hovering around the neutral level – a sign that the market was 50/50 on WLD’s price outlook.
A positive increase in weighted sentiment could indicate high chances of recovery. Especially ahead of the expected post-inauguration altcoin rally.
Read World currency [WLD] Price prediction 2025-2026
That said, WLD has retested the $2 price zone – a key demand zone since mid-December. If the area is defended, it could act as a springboard for a sustained recovery towards $2.5 or the overhead offering at $2.8.
Source: WLD/USDT, TradingView
However, the recovery projection can only be validated if the current flat demand (as reflected in the RSI) improves.