Worldcoin Plunges 10% After $52.5M Funding Round

Worldcoin's price has plummeted by over 10% in the last 40 hours, largely driven by a $52.5 million funding round and tokenomics concerns.

The institutional funding round led by Pantera Capital sold 217 million WLD tokens at approximately $0.2415 per WLD, shifting investor focus from long-term expansion to near-term token supply.

Analysts argue that the large token sale into a pressured market has amplified existing supply dynamics concerns, leading to a magnified price reaction.

The recent move is also part of a broader reversal of a prior ETF-related rally, occurring while the rest of the market remains firm. Worldcoin's relative underperformance indicates the move is largely idiosyncratic to WLD.