Robinhood Extends Backing for Sam Altman’s Worldcoin as WLD Crashes 12%
Highlights
- Robinhood lists Worldcoin despite WLD dropping nearly 12% amid market uncertainty.
- Controversies around Sam Altman’s Orb startup intensify pressure on WLD price.
- Upcoming token unlock reduction fails to offset bearish sentiment and reputational concerns.
The Worldcoin (WLD) price has crashed nearly 12% in the early US hours today, showcasing the cautious stance of market participants. However, despite that, it seems that not everyone is bearish on the token, as evidenced by the latest move of the online brokerage firm Robinhood.
For context, Robinhood has listed the token on its platform, which has caught the eyes of traders. Notably, the latest dip in WLD price comes ahead of the decrease in Worldcoin unlock rate next month and soaring controversies around Sam Altman’s Orb startup.
Robinhood Lists Worldcoin Despite Recent Crash
According to a recent X post by Robinhood, the online brokerage platform has officially added Worldcoin (WLD) to its crypto trading platform. In other words, the Robinhood customers can now trade the token on its platform, signaling that the institutional interest in the token has not yet faded completely.
Meanwhile, the announcement comes as WLD faces immense selling pressure in the market. However, listings on major platforms often boost visibility and demand for digital assets.
In addition, the decision of Robinhood suggests confidence in the long-term potential of Worldcoin. However, the immediate market reaction tells a different story. Investors appear hesitant despite the new listing.
The timing has raised eyebrows, as the token struggles with both price volatility and reputational concerns. For context, the project is expected to reduce its token unlock rates, starting July 24, 2026.
Although reduced token supply can help drive prices upward, in this case, external pressures seem stronger. The market appears more focused on controversies than on tokenomics.
WLD Price Slips 12% Amid Controversies
Worldcoin (WLD) price fell nearly 12% today and traded at $0.5577 at the time of writing. The slump comes amid allegations linked to Worldcoin’s co-founder, Sam Altman. A recent report, highlighted by a podcaster Katie Miller, pointed to internal investigations within the Orb startup.
The report claims that company leadership approved large payments to a foreign entity. These payments were allegedly intended to artificially influence the market performance of the Worldcoin (WLD) token.
Meanwhile, the token also came into the market radar earlier this month, after BitMEX co-founder Arthur Hayes dumped the WLD token. Now, the market is eagerly waiting for the impact of the Robinhood listing announcement on the token’s price ahead.
In addition, the buzz over Sam Altam’s OpenAI going public has further fueled discussions. Having said that, some market watchers are keeping close track of the token now rather than entering the market, even at the current discounted price.
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