Worldcoin Experiences Significant Price Drop Amid Market Weakness

Worldcoin's (WLD) price experienced a significant decline of 21% after an unsuccessful rally attempt, highlighting the broader market's fragility. According to NS3.AI, despite this sharp decrease, long-term holders have increased their accumulation of the cryptocurrency. This action has effectively reduced the circulating supply, thereby limiting immediate selling pressure. Derivatives data indicate that bearish traders had anticipated this downturn, capitalizing on short positions as the price approached critical support levels. This strategic move allowed them to profit from the market correction.