Worldcoin (WLD) Drops Amid Broader Crypto Deleveraging Move

Worldcoin (WLD) dropped 10.7% in value over the last day, according to CoinMarketCap.

This decline is attributed to a broader crypto market deleveraging move that affected high-beta altcoins like WLD.

The total crypto market cap slipped by about 2.3%, while the altcoin market cap fell around 1.4% over the same period.

Several large-cap events indicate structural stress and deleveraging in the market, including a weekend selloff triggered by Wintermute's short positions that led to $100 million in long liquidations within an hour and $350 million daily.