Global authorities suspend the growth of Biometric Blockchain due to worries about data privacy
- Worldcoin (WLD) fell 14% amid regulatory crackdowns, token unlocks, and market weakness, outperforming crypto's 9% decline. - Colombia, Philippines, and Thailand ordered operations halted and biometric data deleted over privacy concerns. - 37M WLD tokens ($25M) unlocked recently, worsening sell pressure as price consolidates near $0.63 resistance. - Analysts predict $0.75–$0.85 by 2025 if regulations clarify, but warn of potential drops to $0.26 amid unresolved compliance risks. - Project's viability hin
Worldcoin (WLD) experienced a steep 14% drop in a single day as global regulatory pressures mounted, token unlocks increased, and the broader market weakened, dealing a notable blow to the biometric-identity blockchain initiative. This rapid decline, which surpassed the overall crypto market’s 9% fall, came after a series of regulatory measures targeting the project’s data handling and business model. Authorities in Colombia, the Philippines, and Thailand all issued cease-and-desist orders,
These regulatory interventions have added to existing structural challenges. In recent weeks, more than 37 million
Forecasts for WLD’s price are varied, reflecting the clash between short-term negative factors and the potential for future growth.
The project’s future will depend on how well it can address regulatory concerns and prove real-world value for its token. For now, investors should keep an eye on token unlock timelines, regulatory updates, and on-chain adoption as key indicators. As one expert put it, “Worldcoin’s future depends less on speculation and more on its ability to scale compliant onboarding and turn verified users into real economic activity.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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