Whales offload Worldcoin [WLD] on exchanges – Addressing its impact

• Worldcoin saw an uptick in whale sell-offs into the weekend 
• Altcoin’s selling pressure capped its recent recovery and dragged it towards $2

On 17 January, Worldcoin [WLD] recorded massive profit-taking by whales to capitalize on its recent 22% recovery gains. In fact, according to the analytics platform Santiment, WLD was among those that saw a +$1M sell-off on Friday. 

Nearly 5M WLD tokens (4.73M, worth over $9M) were dumped on centralized and decentralized exchanges, as illustrated by the spike in Exchange Inflows (red).

This was part of the sell pressure that began in late December, as revealed by the steadily rising Supply on Exchanges indicator (yellow).

In January alone, supply on exchanges has risen from 126M to 141M WLD coins – A sign of short-term supply pressure and profit-taking activity. 

Demand for WLD stalls

Here, it’s worth pointing out that supply outside exchanges (blue line) slightly dropped from 9.87 billion to 9.85 billion over the same period. This indicated that demand for WLD fell slightly – A trend that could cap WLD’s recovery in the short term. 

The same bearish pulse was also evident on the network activity front. Daily active addresses (white) retreated lower too, highlighting muted market interest in the altcoin. 

However, at the time of writing, the weighted market sentiment hovered near the neutral level – A sign that the market was 50/50 on WLD’s price prospects.

A positive surge in weighted sentiment could indicate high odds of recovery. Especially ahead of the anticipated post-inauguration altcoin rally. 

Read Worldcoin [WLD] Price Prediction 2025-2026

That being said, WLD retested the $2 price zone – A key demand zone since mid-December. If defended, the area could act as a springboard for an extended recovery towards $2.5 or the overhead supply at $2.8. 

However, the recovery projection could only be validated if the current flat demand (as shown by the RSI) improves.