Understanding the Recent Decline in Worldcoin (WLD)

Over the last day, total crypto market cap fell about 2% and altcoins about 1.5%, so WLD’s ~6% decline is a higher-beta move in a weak tape, not an outlier. WLD had just rallied roughly 9% from local lows and was being traded aggressively on short-term technical setups, so profit taking and rotation are enough to explain a 5–6% giveback. A new article around Grayscale’s proposed Worldcoin ETF highlighting that 100 wallets control about 90% of circulating WLD likely reinforced existing concerns, but it reads more as background risk than a direct shock. There is no evidence in the last 24–25 hours of a hack, delisting, protocol failure, or regulatory hit specific to Worldcoin…