Robinhood has added Worldcoin (WLD) to its trading roster, but the move hasn’t been enough to steady the token as fresh controversy and market weakness weigh on sentiment.
What happened
- On June 23 Robinhood announced on X that $WLD is now available to trade on its platform, opening the token to a broader base of retail investors.
- Despite the listing, WLD slid nearly 15% in 24 hours and was trading around $0.53 at the time of reporting, well below a recent June peak near $0.70.
Why the listing didn’t spark a rally
- Listings on major brokerages usually boost liquidity and visibility, but traders appeared reluctant to chase WLD amid uncertainty.
- Market focus has shifted toward allegations related to Worldcoin’s ecosystem and people connected to it. A report highlighted by podcaster Katie Miller says internal probes at Orb, a startup tied to Worldcoin, looked into payments allegedly approved by company leadership to a foreign entity—payments the report claimed were intended to influence WLD’s market performance. These remain allegations and have not been proven in public sources.
Ongoing reputation issues
- Worldcoin has faced persistent criticism over its biometric identity-verification system and token distribution approach, concerns that have resurfaced alongside the new report.
- Earlier this month BitMEX co-founder Arthur Hayes disclosed he sold his WLD holdings, adding to selling pressure and signaling caution from some prominent market players.
Tokenomics update
- Worldcoin plans to slow its token issuance: the project expects to reduce its token unlock rate starting July 24, 2026. Lower unlock rates generally mean fewer newly released tokens hitting the market, which can ease selling pressure—though traders appear more focused on controversy than on this future change for now.
Broader context
- Renewed chatter about a possible OpenAI public listing has amplified interest in Sam Altman–linked ventures, including Worldcoin. There’s no direct link between OpenAI’s corporate plans and Worldcoin’s token economics, but heightened attention on Altman-related projects keeps WLD in market conversations.
Technical picture
- On the daily chart WLD has dipped to the 61.8% Fibonacci retracement level near $0.53 after failing to hold above $0.60.
- Momentum indicators are bearish: the MACD produced a bearish crossover and its histogram slid below zero, while the RSI has fallen sharply from recent highs.
- Key levels to watch: a sustained break below $0.53 could open the door to further retracement toward $0.48 and then $0.42. To relieve near-term downside pressure, WLD would need to reclaim and hold above about $0.62.
Bottom line
Robinhood’s listing gives Worldcoin broader retail access, but market participants are currently more concerned with governance and credibility questions tied to the project than with its improved distribution. Until investigation outcomes and sentiment clear up, WLD’s price action is likely to remain volatile.
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