Whale activity and weakening technicals put pressure on Worldcoin (WLD) this week, as a large wallet tied to Justin Bram moved millions of tokens to Binance and the token slipped below key short-term support. What happened - Blockchain sleuth Arkham shows Bram’s wallet received 9.37 million WLD (about $3.79 million) from the WorldCoin Vesting Wallet — the first major inflow of that size to the address in over two months. - Shortly afterward the same wallet deposited 14.19 million WLD (~$5.72 million) into Binance, a move that on-chain analysts interpreted as an intent to sell. After the transfer, the wallet still holds roughly 4.82 million WLD (≈ $1.94 million). - The rapid timing of the inflow and deposit signaled a lack of confidence from that large holder and likely contributed to broader sell pressure. (Source: Arkham) Price and order flow - WLD failed to hold $0.40 after being rejected near $0.43 and slid as low as $0.38. As of publication the asset was trading around $0.396, down about 1.8% on the day. - Santiment data shows Exchange Flow Balance jumped from -98k WLD to +14.18 million WLD on Feb. 17, indicating a swing from net inflows off exchanges to heavy net transfer onto exchanges — a sign most active participants were selling. (Source: Santiment) Supply dynamics and on-chain metrics - Increased sell-side activity has reduced the token’s short-term scarcity. Worldcoin’s stock-to-flow ratio plunged from roughly 171k a week earlier to about 2.4k, reflecting a much larger supply available for immediate selling — a condition that can amplify downside risk. Technical outlook - Price dropped below the 20-period exponential moving average (EMA20), suggesting a short-term bearish bias. WLD is trading under its moving averages and the Stochastic RSI produced a bearish crossover, slipping from 92 to 75 — reinforcing momentum to the downside. (Source: TradingView) - Key levels to watch: a continued supply bleed could push WLD toward $0.35. For a meaningful trend reversal, bulls need to reclaim EMA20 near $0.41 and then EMA50 around $0.46. Takeaway Large-holder selling and weakening technicals have left WLD vulnerable in the near term. The quick deposit of millions of WLD to Binance by a prominent wallet helped trigger a cascade of selling, expanding exchange balances and reducing scarcity — factors that typically pressure price. Disclaimer This article is informational and not investment advice. Cryptocurrency trading involves high risk; readers should do their own research before making any investment decisions. Sources: Arkham, Santiment, TradingView. Read more AI-generated news on: undefined/news