Worldcoin Price Crashes as Robinhood Listing Fails to Attract Buyers

Worldcoin (WLD) price plummeted 11% to around $0.5294 on Tuesday, making it the biggest loser among top altcoins.

The sharp fall occurred just hours after Robinhood added WLD to its crypto lineup, which would normally attract buyers. However, this news triggered heavy selling instead.

Trading volume surged 37% to over $504 million, pushing the 24-hour volume-to-market-cap ratio to 27.38%. This mix of a double-digit price drop and rising volume suggests that many investors were actively selling.

The Worldcoin price dropped from its 24-hour high of $0.5906 to a low of $0.5078, before recovering slightly to $0.5313. This decline happened alongside a broader market fall, with the total crypto market cap falling 1.41% to $2.15 trillion and Bitcoin sliding to $62,600.

The recent price recovery was linked to excitement about the upcoming OpenAI IPO, but this has now broken down. Technical data reveals that Worldcoin formed a classic rounding bottom pattern in the first half of the year, starting from its all-time low of $0.2279 in May.