$WLD , the cryptocurrency linked to Sam Altman's digital identity project, has seen a notable decline in value over the past few months. Currently, the price of WLD stands at $1.16 USD, which represents a significant drop from its all-time high of $11.80 USD, reached in July 2024.

Factors Contributing to Worldcoin's Price Drop

Regulatory Challenges and Privacy Concerns: Worldcoin has faced investigations and restrictions in multiple jurisdictions due to the collection of biometric data, which has led to uncertainty among investors.

Overall Crypto Market Trends: The inherent volatility of the cryptocurrency market, coupled with recent bearish trends, has negatively influenced the value of WLD.

Massive Sell-Offs and Loss of Key Levels: Announcements of significant WLD sales and the breaking of technical supports have accelerated the depreciation of the token.