WHY the failure of
#WLD Worldcoin (WLD): The crash in 2024
#WLD #
#SamAltman #IRIS Worldcoin (WLD) started with a lot of hype in July 2023, offering tokens for scanning the iris with its Orb and promising a universal digital identity. In March 2024, it reached a peak of *$12*, but since then it has fallen and in 2024 it lost almost all accumulated gains.
Why did it crash?
1. Massive token inflation
- *Total supply: 10 billion WLD*
Only *322 million* were in circulation at the start.
Continuous unlocks (airdrops, rewards, vesting) create constant selling pressure.
Many users who obtained WLD by scanning their iris prefer to sell quickly to switch to fiat or more stable crypto (BTC, ETH).
2. Adverse macroeconomic events
- Rise in unemployment in the U.S. (higher than expected).
- *Financial crisis in Japan*.
- *Geopolitical tensions Iran-Israel*.
In times of uncertainty, investors flee to safe assets (bonds, USD) and sell crypto, hitting WLD hard.
3. Regulation and privacy scrutiny
- Various countries (Spain, Germany, data protection agencies) opened investigations into the handling of biometric data (iris).
- The AEPD of Spain even requested a precautionary measure to stop data collection.
Negative news scares the market and triggers sales.
4. Pump & Dump cycle
- *Rumor of OpenAI/Sam Altman creating a “human-only” social network* caused WLD to rise 40% in minutes.
- When the collaboration was not confirmed, the price crashed again, leaving many trapped at the peak.
5. Lack of strong demand
- With so many tokens in the hands of holders who sell, demand does not meet supply.
- The volatility and general distrust in the crypto sector in 2024 did not help either.
What happened to the price?
- *Peak (March 2024): ~$12*
- *Minimum (2024): < $2* (almost at launch level).
$WLD