Worldcoin’s value has plunged more than 70% over the past year, even as the controversial cryptocurrency draws Wall Street interest and fresh regulatory scrutiny.
The token, which underpins Sam Altman’s ambitious digital ID and crypto project, is trading at $0.381379 as of 23 July 2026 – far below its all‐time high of $11.74 reached on 10 March 2024.
At the same time, a recent exchange‐traded fund (ETF) filing has revealed that just 100 wallets control 90% of all circulating WLD, intensifying concerns over concentration of ownership in a project marketed as global and inclusive.
Price under pressure despite ETF move
Worldcoin’s short‐term price movements have been relatively muted, with the token edging up 0.48% in the past 24 hours and 0.37% in the last hour.
But the broader trend remains sharply negative. Over the last seven days, WLD has fallen 3.65%. In the past month alone, it has dropped 34.96%, extending a 12‐month slide of 70.82%. Over 200 days, the token is down 35.29%.
In Friday’s trading, Worldcoin changed hands between an intraday low of $0.378485 and a high of $0.401213, with 24‐hour trading volumes reaching $126,497,593.
The cryptocurrency now commands a market capitalisation of $1,355,553,423, placing it 56th among digital assets by size. On a fully diluted basis – assuming all tokens eventually enter circulation – its valuation rises to $3,813,769,004.
Supply structure and concentration concerns
Worldcoin has a total and maximum supply of 10 billion WLD. Of this, 3,554,366,879 tokens are currently in circulation.
However, an ETF filing has revealed that ownership is highly concentrated. According to the document, 100 wallets control 90% of the circulating supply, prompting questions about market manipulation risks and governance.
Such concentration contrasts with the project’s stated aim of distributing tokens widely in exchange for biometric verification, designed to prove “humanness” online.
Grayscale files for Worldcoin ETF
In a sign of growing institutional interest, digital asset manager Grayscale has lodged an application to launch a Worldcoin ETF.
An ETF would allow traditional investors to gain exposure to WLD through regulated stock exchanges, potentially opening the market to large pools of capital.
The filing comes as WLD attempts to stabilise after months of heavy losses, with analysts watching whether ETF‐related demand could offset selling pressure from existing holders.
Technical rebound and trading signals
On a technical basis, Worldcoin has recently broken out of a bearish price channel, a pattern that had capped rallies for several weeks.
Bulls are now targeting the token’s 50‐day exponential moving average (EMA) as a key resistance level. A sustained move above that line is often seen by traders as an early sign of a trend reversal.
Despite the recent bounce, the token remains far below historical peaks and is still only marginally above its all‐time low of $0.230306 recorded on 18 May 2026.
Robinhood listing and rising scrutiny
Retail trading platform Robinhood has added Worldcoin to its list of supported cryptocurrencies, making it easier for millions of users in eligible markets to buy and sell WLD.
The listing coincides with renewed scrutiny of Worldcoin’s co‐founder Sam Altman and the project’s approach to data privacy, biometric collection and regulatory compliance.
Regulators in several jurisdictions have previously raised concerns about how the project stores and protects sensitive biometric information, as well as the fairness of its token distribution.
Real‐time data and investor interest
Market metrics for WLD are being updated on a minute‐by‐minute basis across major tracking platforms, reflecting strong interest from traders seeking to capitalise on the token’s volatility.
Crypto news providers are also promoting regular market analysis and curated updates for subscribers, underscoring how Worldcoin has remained at the centre of debate within the digital asset sector.
With the token trading a fraction of its former peak, investors are weighing the potential boost from a future ETF against persistent questions over centralisation, regulation and the long‐term viability of its ambitious global ID vision.
