In the past day, Worldcoin witnessed a 74% drop in large transactions due to apprehension from MAJOR investors. This significant reduction in whale activity could limit upward price momentum, leading to potential price corrections. Analysts predict that market sentiments and regulations will play pivotal roles in WLD’s trajectory.
The regulatory challenges linked to WLD, especially in Germany, add complexity to its adoption. The price is poised to test the ascending trendline support level again, crucial for short-term stability. As whale activity diminishes, smaller investors might bear the brunt, but long-term prospects remain hopeful if regulatory issues settle.