Worldcoin struggles as Robinhood listing meets market skepticism

While listings on major brokerages typically signal increased liquidity, traders have largely ignored the news. The token remains significantly lower than its June peak of $0.70, reflecting deep-seated investor apprehension. Market sentiment is currently being dragged down by reports of internal investigations at Orb, a startup tied to the Worldcoin ecosystem, concerning payments allegedly designed to manipulate WLD market performance. These claims add to existing criticism regarding the project’s biometric data collection and token distribution methods.

The selling pressure has been further compounded by recent high-profile exits, including that of BitMEX co-founder Arthur Hayes, who disclosed he had liquidated his holdings earlier this month. Although the project is preparing for a reduction in token unlock rates on July 24—a move intended to tighten supply—investors appear fixated on the controversy surrounding Altman’s ventures. Technical indicators mirror this caution, with WLD retreating to the 61.8% Fibonacci retracement level at $0.53. A failure to hold this support could invite a further slide toward the $0.48 level, as the MACD signals a bearish trend and buying momentum continues to evaporate.