Worldcoin token plunges 97% as crypto market sees broader price drops

The Worldcoin (WLD) token fell to about $0.316, a 97.29% decline from its March 2024 peak of $11.68, leaving its market capitalization around $1.13 billion. Trading volume has contracted sharply, and the price remains well below key moving averages. The project, led by Sam Altman, faces regulatory scrutiny in Europe, with countries such as Spain and Portugal questioning the use of biometric data for digital identity.

In a separate but related market move, the governance token of the Lido liquid‑staking protocol, LDO, dropped roughly 9% in a single day. The decline mirrors broader risk‑off sentiment in the cryptocurrency sector and is tied to recent price pressure on Ethereum, the underlying network for Lido. Analysts note that on‑chain metrics such as low trading volume and limited token flows to exchanges suggest limited buying support for a rebound.