Worldcoin’s latest rally drew a sharp increase in on-chain activity, with whale transactions, active addresses and new wallet creation all surging as WLD briefly climbed above $0.408 to an 11-week high. The move has since reversed, with live market data showing WLD back near $0.31 after a double-digit 24-hour drop, making the rally look increasingly FOMO-driven rather than a clean trend shift.
Why Has Worldcoin Rallied And Dumped? Santiment, however, warned that the timing looked speculative. “Worldcoin’s on-chain activity has exploded alongside its climb to an 11-week price high above $0.408, showing a major increase in both retail and whale participation,” the firm wrote. “When whale activity, active addresses, and new wallet creation all rise together, it usually signals that both large investors and smaller traders are becoming increasingly engaged with a project at the same time. That said, these spikes all appear to be somewhat FOMO-related, and coincided with the huge WLD price surge that just occurred.”
The reversal gives that warning more weight. After pushing above $0.408, WLD fell back toward the -$0.30 range, with live data showing the token near $0.308 and down roughly 25% since the peak.
The likely catalyst was the integration of Oku Trade into the World App, a DeFi aggregator’s launch inside World App, alongside weekly swap competitions and WLD reward incentives for users. That matters for interpreting the on-chain data: a new trading feature and reward program can increase swaps, wallet activity and speculative attention at the same time, but it may also pull forward demand that fades once the initial incentive cycle cools.
At press time, WLD traded at $0.31.
