First, a figure that is widely misread: $7.41 billion is not Worldcoin’s market cap—it’s its trading volume in South Korea.
Chainalysis’s East Asia Virtual Asset Adoption Report (July 2025 to June 2026) shows that $WLD recorded $7.41 billion in trading volume in South Korea, ranking first among AI assets and more than double the runner-up—Sahara AI at $3.2 billion, Virtuals at $2.7 billion, Bio Protocol at $2 billion, and $NEAR 17 billion. By June 2026, AI assets had become the largest thematic sector by KRW-denominated trading volume, accounting for about 18% and surpassing payment tokens. South Korea’s overall digital asset market reached $449.1 billion, up 12.3% year over year, making it the largest in East Asia.
On the price front, WLD rose 44% in a month to around $0.57, but it’s still about 95% below its all-time high of $11.74 in March 2024. Supply, at least, is moving in its favor: the team cut daily unlocks by 43%, bringing them down to around 2.9 million tokens starting July 24.
My take: this looks more like a rotation among South Korean retail traders than a fundamental revaluation of Worldcoin. VIRTUAL and KAITO led the gains in 2025; now it’s WLD and SAHARA. AI is simply the most convenient narrative right now, while the “proof of personhood” story hasn’t translated into corresponding paid demand. The two things worth watching are South Korea’s 22% tax on crypto gains starting in January 2027, and where new demand will come from after the unlock cut.
So here’s the question: if this is essentially a rotation in the South Korean market, would you get out before the narrative shifts, or bet that the long-term “AI + identity” story will keep it going?
#SouthKoreanAIcryptoTradingPushesWorldcoinTo$7.41B
Chainalysis’s East Asia Virtual Asset Adoption Report (July 2025 to June 2026) shows that $WLD recorded $7.41 billion in trading volume in South Korea, ranking first among AI assets and more than double the runner-up—Sahara AI at $3.2 billion, Virtuals at $2.7 billion, Bio Protocol at $2 billion, and $NEAR 17 billion. By June 2026, AI assets had become the largest thematic sector by KRW-denominated trading volume, accounting for about 18% and surpassing payment tokens. South Korea’s overall digital asset market reached $449.1 billion, up 12.3% year over year, making it the largest in East Asia.
On the price front, WLD rose 44% in a month to around $0.57, but it’s still about 95% below its all-time high of $11.74 in March 2024. Supply, at least, is moving in its favor: the team cut daily unlocks by 43%, bringing them down to around 2.9 million tokens starting July 24.
My take: this looks more like a rotation among South Korean retail traders than a fundamental revaluation of Worldcoin. VIRTUAL and KAITO led the gains in 2025; now it’s WLD and SAHARA. AI is simply the most convenient narrative right now, while the “proof of personhood” story hasn’t translated into corresponding paid demand. The two things worth watching are South Korea’s 22% tax on crypto gains starting in January 2027, and where new demand will come from after the unlock cut.
So here’s the question: if this is essentially a rotation in the South Korean market, would you get out before the narrative shifts, or bet that the long-term “AI + identity” story will keep it going?
#SouthKoreanAIcryptoTradingPushesWorldcoinTo$7.41B