Worldcoin Price Crashes 97% as Flawed Tokenomics Crush Investor Hopes

The Worldcoin (WLD) price has plummeted by an astonishing 97% from its $11.99 all-time high, making it one of the crypto world's most cautionary tales.

Funded with over $440 million by major venture capital firms like a16z and Khosla Ventures, Worldcoin was touted as a revolutionary project that would prove human identity through Orb scans.

The token's downfall can be attributed to its flawed tokenomics. At launch, an overwhelming 95% of the WLD supply was locked up, leaving only about 1-2% available for trading.

This tiny float pushed the price to $11.99 in March 2024, but it soon began to drop and has continued to fall ever since.