Multicoin Capital Buys 60 Million Worldcoin (WLD) as Retail Engagement and Price Slide
Multicoin Capital acquired 60 million WLD tokens via an OTC deal despite declining retail interest and a recent price drop.Summary
Thesis-driven firm Multicoin Capital reportedly purchased 60 million Worldcoin (WLD) tokens from the project team through an over-the-counter (OTC) transaction, signaling an institutional bet on the biometric identity protocol.
This acquisition occurred while Worldcoin has faced declining retail engagement, evidenced by a sharp drop in new active wallet addresses since September and a significant decrease in Google search interest following a peak in September driven by a major exchange listing.
The price of WLD has also suffered, losing over 21% in the past month, although it saw a minor 24-hour rebound at the time of reporting. Furthermore, Worldcoin continues to face regulatory scrutiny globally, including recent orders in Thailand to suspend enrollment and erase collected biometric data.
(Source：BeInCrypto)