Despite these challenges, Worldcoin's token, WLD, saw a 9.20% increase in the last 24 hours, trading at $7.34. The increase came despite a drop in the Weighted Sentiment to -0.33 due to the Fear, Uncertainty, and Doubt (FUD) triggered by Spain's statement. However, Worldcoin's annual inflation rate has dropped, suggesting the value might climb, and on-chain data shows an increasing number of WLD holders, indicating bullish long-term potential.
Key takeaways:
- Spain has asked Worldcoin to stop operations in the country due to privacy concerns related to its eye-scanning technology, The Orb.
- Worldcoin's parent company, Tools for Humanity Corporation, has been told to cease activities for three months by Spain's Agency for Data Protection.
- Despite these issues, Worldcoin's price increased by 9.20% in the last 24 hours, and on-chain data suggests that the number of WLD holders is increasing.
- Worldcoin's annual inflation rate has dropped, indicating that the value might climb, and the recent drawdown in price is likely temporary.