The Worldcoin WLD token is down 9.1% in the last 24 hours and has lost 43.6% in the last 30 days since launching the token roughly a month ago.
“The recent decline in the price of the WLD token is a worrying trend, especially compared to the current signs of recovery in other tokens such as XRP,” Jeff May, chief operating officer of cryptocurrency exchange BTSE, said today.
“Even though Worldcoin was recently launched, it faces regulatory hurdles due to data privacy concerns,” May said, adding: “The backlash has resulted in US residents being excluded from purchasing or trading the token. which adds to the selling pressure. There have been reports that the Kenyan parliament has set up a committee to investigate Worldcoin's activities in the country."
