Worldcoin's WLD token briefly climbed above $0.408 to an 11-week high on Tuesday before dropping back near $0.31 after a double-digit 24-hour drop. The decline of roughly 25% from the peak wiped out most of the gains from a short-lived rally that began earlier this week.
What sparked the rally
The likely catalyst for the surge was the integration of Oku Trade into the World App, along with weekly swap competitions and WLD reward incentives. The combination appeared to draw in new users as network growth reached 379 new wallets in 24 hours — the highest level of 2026.
Active addresses jumped to 1,309, the second-highest reading of the year. But the enthusiasm didn't last long.
Whales move in
Whale transactions rose to 64 in 24 hours, the highest level of 2026. That kind of activity often precedes sharp price moves, and in this case it coincided with the peak. Santiment, the on-chain analytics platform, warned that the spikes appear FOMO-related and coincided with the huge WLD price surge.
The data suggests large holders may have taken profits while retail buyers piled in chasing the rally. The drop back below $0.35 came fast, and by Wednesday morning the token was trading around $0.31.
Worldcoin's bigger bet
Worldcoin was co-founded by OpenAI CEO Sam Altman and aims to build a global digital identity system based on biometric verification through Orb devices. The project has drawn both interest and skepticism since its launch, and the token's price has been volatile.
Tuesday's spike and crash fit that pattern. The question now is whether the token can hold above $0.30 or if further selling pressure will push it lower, especially as network growth remains elevated.
