Particle.news
Download on the App Store

Robinhood Adds Worldcoin, Token Falls on Governance and Privacy Concerns

Retail access has widened, prompting traders to weigh reports of internal Orb payments alongside a planned July 24 cut to daily token unlocks.

Overview

  • Robinhood confirmed on June 23 that it listed Worldcoin’s WLD, making the token available to the brokerage’s retail users.
  • WLD tumbled about 12–15% and was trading near $0.53 as investors stayed reluctant to buy despite the new listing.
  • Reports highlighted by podcaster Katie Miller say internal Orb probes examined payments allegedly approved by leadership to influence WLD’s market performance, a claim the coverage presents as reported, not proven.
  • Worldcoin plans a reduction to its daily token unlocks starting July 24, a supply change traders are already factoring into positions and which could slow new token inflows.
  • The token’s recent rally, an early June ~$65 million OTC sale, and public exits such as Arthur Hayes’s earlier WLD sale add selling pressure, while regulatory probes of the Orb’s biometric onboarding in countries like Kenya and Spain create adoption and legal risks for users and the project.