Worldcoin drops 7.11% as scams and black market trading of verified accounts weigh on sentiment

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Worldcoin slides 7.11% to $0.2574 today

Highlights

Escrow and verified Worldcoin accounts are fueling a wave of buyer-targeted scams, revealing significant operational risks to biometric verification models.
Eightco Holdings controls approximately 8.53% of the WLD token supply, spotlighting heightened exposure to potential moves by large private holders.
WLD trades below key moving averages with mixed momentum signals, and the next week’s range is likely $0.245–$0.270 as bearish pressure dominates.

Buyer risks intensify as scams, large holdings, and ecosystem growth collide

A surge in scams targeting Worldcoin buyers was reported on May 13, as escrow and identity-verified accounts began circulating on black markets and highlighted new operational risks for the project’s biometric verification model. Separately, as of May 6, Eightco Holdings was identified as holding 283 million WLD tokens (about 8.53% of circulating supply), reflecting a significant concentration of holdings and exposure to movements by large private stakeholders. In April, ecosystem expansion was noted through Vercel’s adoption of Worldcoin’s Proof of Human verification for its infrastructure, though price action has remained under broader selling pressure.

Resistance zones cap gains as momentum signals split on WLD direction

On the technical chart, WLD sits just above the SMA-20 ($0.2558) with the SMA-50 ($0.2678) and SMA-200 ($0.4648) positioned higher, while immediate resistance is formed by the Ichimoku Kijun at $0.2633. The latest daily range has spanned $0.2536 to $0.262, confirming high intraday volatility. Momentum indicators show weak or uncertain signals: MACD and ADX are neutral, RSI stands at 47.7 with a bearish lean, and Stoch RSI gives no clear overbought or oversold reading. BBP remains positive, suggesting slight buyer activity, with the Awesome Oscillator supporting some upward correction, but CCI and most oscillators indicate divergent, indecisive momentum.

Downside risks persist as low breakout odds anchor consolidation forecast

Over the next five trading days, WLD is likely to move within a volatility band of $0.245 to $0.270 relative to current levels. The probability of an upside breakout is low (below 20%), leaving sideways consolidation as the prevailing scenario. A decisive move above the $0.263 resistance level could trigger a short-term rally, but existing signals do not currently point to such an outcome. Price risks remain skewed to the downside, especially on a drop below $0.253, which could expose WLD to further weakness.

Viktoras Karapetjanc, expert at Traders Union, sees Worldcoin facing elevated operational and reputational pressures after the surge in scams and black market account trading. He notes concentration risks from Eightco Holdings' sizeable private stake, but recognizes the broader adoption potential from ecosystem partners like Vercel. The analyst believes price action signals are still indecisive, with bearish momentum and limited breakout potential in the short term. Overall, Karapetjanc maintains a constructive outlook pending stronger evidence of renewed buyer confidence. "If WLD can hold above $0.253 and address current trust issues, there is scope for a gradual rebound as adoption grows."

Earlier, analysts noted that Worldcoin was likely to experience sideways consolidation amid mixed technical signals and unresolved questions about long-term trend direction. With recent developments highlighting both increased operational risks and a concentration of token holdings, traders should now closely monitor the $0.253 support level, as a breakdown here could accelerate downside momentum in the coming sessions.

Source of Data: WLD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.