WLD Slides To New Lows As World Foundation Offloads $65M
A massive token unlock scheduled for late July could make things worse.
Another Wave Of Supply Approaching
The pain may not be over. Data from DefiLlama shows a major community token unlock is set for July 23, covering about 52% of WLD’s total supply of 10 billion tokens. That kind of release typically adds selling pressure — and it arrives at a time when the token is already near its lowest point ever.
World’s regulatory problems have also followed the project across borders. Authorities in Indonesia suspended World ID registration over compliance concerns. Brazil banned the platform’s eye-scanning operation. Germany opened its own inquiry. Kenya pushed back hard on data privacy grounds.
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Regulatory Heat Keeps Building
The Thailand raid added another entry to that list. Officials there, working through the Securities and Exchange Commission alongside the Cyber Crime Investigation Bureau, said the iris-scanning service may have operated without the required license. Arrests were made and an investigation remains open.
Featured image from Pixabay, chart from TradingView
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