Worldcoin (WLD) dropped 11% in one day, extending its 30-day decline to 14%. Whale dominance surged to 0.222 according to CoinGlass’ Whale Retail Delta, while the Funding Rate turned bearish at -0.0389% and Open Interest fell by $28.57 million to $278.38 million. Sellers represented 53% of WLD trading volume across 16 of the 18 exchanges trading the token, accounting for nearly 89% of venues, with total perpetual volume reaching $473.83 million, up 4.36%. On-chain activity remains limited, with World Chain DEX volume falling from approximately $494,000 to $243,000 and only $573 in fees generated over 24 hours. This combination of bearish derivatives positioning and weak on-chain activity could further weigh on WLD’s price as sellers remain in control.
Source: Read the original article
