Worldcoin Encounters Major Challenges Due to Increasing Global Regulatory Scrutiny

Worldcoin's Market Performance: Worldcoin (WLD) experienced a significant 14% drop in value over 24 hours, contrasting with an average market loss of 9%, primarily due to macroeconomic factors and negative developments affecting the project.

Regulatory Challenges: The Colombian government's order to delete biometric data collected by Worldcoin, along with warnings from the Philippines and Thailand to cease operations, has severely impacted investor confidence and operational capabilities.

Token Unlocking and Market Pressure: The unlocking of over 37 million WLD tokens has intensified selling pressure, raising concerns about long-term market stability, especially with 42% of tokens still locked.

Technical Outlook and Potential Recovery: Despite a sustained downturn indicated by trading below a descending trendline, short-term indicators suggest a possible price stabilization above $0.60, with significant liquidity at $0.63 potentially attracting buyers.