China has recently criticized Worldcoin for its data collection strategy, viewing it as a threat to national security.
This is not the first time Worldcoin has faced criticism related to data collection in its plan to build a global digital ID. Previously, in 2024, Worldcoin was criticized for data-related issues and was even banned in several countries due to violations of information security laws.
Recent criticism from China raises many questions about the future of this project, while highlighting the challenges that efforts to create a global digital ID face. This attack also reflects concerns that such efforts could undermine national sovereignty. Some experts predict that this could lead to unintended consequences, contrary to current expectations.
Worldcoin's protocol asserts that decentralized data control and limited data collection can help address these concerns. While the current situation poses challenges for Worldcoin's plans, recent data indicates that the project is still making positive strides.
Worldcoin continues to maintain a positive trajectory despite criticism.
Recent data shows that Worldcoin is still growing despite concerns about data that have slowed this process. In the past 8 weeks, the project has recorded an additional 1.8 million newly verified users. This growth rate could be even higher if not constrained by the current number of orbs. To date, more than 1,800 orbs have been deployed globally.
The Worldcoin mini-application ecosystem has also seen significant growth in the same 8-week period, with over 150 new applications added, doubling the figures recorded just after mid-May. This growth is mainly due to the integration of USDC into Worldcoin's mini-application ecosystem, seen as a positive step that opens up real value flows within the platform, rather than just focusing on speculation.
These changes may signal that Worldcoin is making deeper moves into the DeFi space, a result that could enhance trust within the community and attract potential investors.
Will WLD recover from recent lows?
It is undeniable that privacy concerns have significantly impacted the project as well as demand for its native currency, WLD. Recent growth metrics suggest that this currency may be on the path to recovery, especially after negative results in 2024 and 2025 so far.
For reference, WLD reached an all-time high of $11.88 in March 2024, but has since undergone a sharp decline and is currently trading at $0.964, equivalent to a 92% drop from its historical peak. The price movement of WLD indicates significant interest from the market, especially in attempts to increase prices in April, May, and July. However, recent performance reflects weak demand.
WLD has also undergone one of the largest token unlocks in recent history, with circulating supply increasing to 300 million WLD over the course of 2 months. This increase corresponds to a 20% rise in total token supply, leading to potential price dilution.
Although the strong increase in token supply may have affected the price, the recent downturn has brought it closer to historical lows. This is enough for investors to see significant markdowns, particularly in light of recent changes in user growth and the supportive stablecoin trend.
This data shows the balance that WLD is trying to achieve. On one hand, falling prices and network activity may attract investors. On the other hand, criticism from China has highlighted ongoing concerns about the project's unique approach.