• Worldcoin’s (WLD) price has fallen by 47% in the last month due to regulatory worries.
• The U.K’s Information Commissioner’s Office and the Kenyan government have voiced concerns about data privacy issues related to Worldcoin.
• Social activity has decreased dramatically over the last month, implying a significant decline in interest for WLD tokens.
Regulatory Worries Plunge Worldcoin (WLD) Price
Worldcoin’s (WLD) price has fallen by 47% in the last 30 days due to increased scrutiny from regulators. Data from CoinMarketCap shows that the token is now trading at $1.27 and is down 4.27% in the last 24 hours. Santiment, an on-chain data aggregator, reports that WLD’s social volume and social dominance have decreased by 95% and 74%, respectively, during this period of time, indicating a significant decrease in interest for WLD tokens.
U.K’s Information Commissioner’s Office & Kenyan Government Voice Concerns
The U.K’s Information Commissioner’s Office issued a statement on July 31 expressing worries about security of users’ personal information related to Worldcoin transactions. On August 2, the Kenyan government announced plans to temporarily shut down Worldcoin while it conducts a risk evaluation concerning user data privacy issues.
Decrease In Interest For WLD Tokens
Social activity regarding WLD tokens has decreased drastically over the past month, implying a huge decline in popularity for these tokens amongst investors and traders alike. Furthermore, there has been an ongoing decline in daily addresses generated to trade WLD since July 26th – dropping by 98%.
Users Can Now Reserve WLD Tokens Without Verification
On Friday, Sam Altman’s Worldcoin announced that anyone can reserve its WLD tokens without having to verify their identity first – which helps protect users’ privacy and security concerns when trading with cryptocurrency..
Due to regulatory worries and decreasing interest for its tokens, Worldcoin’s (WLD) price has declined significantly over the past month – currently trading at $1.27 according to CoinMarketCap data . To ensure user security and privacy, users can now reserve their own set of WLD tokens without needing any verification procedures priorly completed .