World Coin in the spotlight of institutions; Multicoin Capital bought 60 million WLD!

Institutions are still piling in, despite declining demand from retail investors, and Multicoin Capital’s purchase is a prime example of their long-term confidence. At the time of writing, WLD is trading at $0.496, up 2.57% on the day.

This purchase was made while the WorldCoin project is under increasing regulatory pressure. Legal and operational risks for users and investors have increased after the actions of the Thai authorities and the suspension of biometric registration activities of more than 1 million people.

Multicoin Capital’s rece deal shows that while retail investors have become wary, institutions still believe in the long-term poteial of WorldCoin.