Worldcoin (WLD) plunges 21% as funding rates flip negative; traders profit

Worldcoin (WLD) fell about 21% over the past 24 hours amid a market-wide sell-off, trading near $0.46 and holding above the $0.44 support level, BeInCrypto reported.

The report said the token’s brief rally failed to break a month-long downtrend, and some traders who had positioned defensively were able to profit after price momentum reversed.

Holder accumulation helped the initial upswing: over a three-day period investors added roughly 13 million WLD, valued at about $6 million, which reduced circulating supply and briefly supported the price, the article said.

Despite the crash, exchange balances have not shown a sharp increase, suggesting holders are not rushing to sell. Derivatives data also pointed to bearish positioning: the funding rate turned deeply negative and flipped on January 29 ahead of the crash, indicating shorts dominated and likely benefited as the price declined.

Current indicators are mixed, BeInCrypto said. WLD is likely to trade between $0.47 and $0.44 in the near term and would need a stronger influx of buyers to restart a rally. Downside risk remains if broader market conditions deteriorate further, with a breakdown below $0.44 exposing targets near $0.41–$0.40.

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