Token WLD of Worldcoin Drops 44% One Month After Launch
Amidst significant controversy since its launch, Worldcoin's retinal scan project token, WLD, has also moved downward, recording a 44% decline within 30 days of its release.
Token WLD of Worldcoin Drops 44% One Month After Launch
The identity verification project led by OpenAI's co-founder Sam Altman is showing a noticeable decline in performance, with the WLD token price dropping from $2.36 a month ago to $1.26 currently.
4h chart of the BTC/USDT pair on Binance at 01:10 PM on August 26, 2023
Despite its recent launch, Worldcoin faces legal obstacles concerning the privacy rights of the data it collects. Regulatory bodies in countries like Germany, France, the UK, and Argentina have announced investigations and monitoring of Worldcoin's operations.
Taking a more aggressive stance, the Kenyan government has outright banned the Orb device and conducted raids on Worldcoin's warehouses.
Despite expectations to revolutionize user identity verification, Worldcoin has vulnerabilities in its design, as highlighted in a CertiK report that suggests the Orb could be susceptible to operational takeover and user data exposure.
Previously, Ethereum co-founder Vitalik Buterin also raised concerns about Worldcoin, including privacy rights, accessibility, centralization, and security.
From a more objective perspective, there are several factors influencing the downward trend of WLD, including general market caution and unclear legal landscapes. However, the crucial point now is for Worldcoin to navigate legal barriers and compliance to revive the project.
