WLD Coin Price Experiences Significant Decline During Event

As the article was being prepared, the price of WLD Coin hovered around the $2 mark, briefly touching a key support level. The reason behind this drop is explored, particularly in the context of a significant event occurring between 20:00 and 21:00. Although such events do not always lead to price increases, sometimes they can trigger a downward reaction.

WLD Coin Declines

Worldcoin (WLD) was priced at $2.13 at the time of writing, experiencing a 7% decrease for the day. The price quickly fell from $2.30 and began to retract during the event. A noteworthy aspect of this event was the announcement of the project’s rebranding as World and World Network.

During the event, some community members expressed disappointment, stating that the “Worldcoin situation is turning into a disappointment.” A community member using the name Horus even advised against purchasing WLD Coin, providing reasons for his caution.

“Do not buy WLD unless you understand the circulating and total supply, reward programs, and their impact on the price.”

Co-founders Altman and Alex Blania are expected to announce several updates, including a new version of the Orb iris scanning technology during this event. However, it appears that the situation has morphed into a case of selling the news, as indicated by the market trends.