Worldcoin to Unleash $195 Million in WLD Tokens: What Next For WLD Price?
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The price of WLD tokens, Worldcoin’s native crypto, has experienced 50% fluctuations amid recent announcements regarding the sale of tokens from the Worldcoin treasury.
A recent blog post announced that Worldcoin’s subsidiary, World Assets, plans to gradually sell WLD tokens over six months through private placements with institutional trading companies outside the United States.
This move aims to meet the increasing global demand for World IDs verified by Orb and support the development of the Worldcoin network.
— BSCN Headlines (@BSCNheadlines) April 24, 2024
JUST IN: @WORLDCOIN SUBSIDIARY 'WORLD ASSETS' PLANS TO ROUTINELY SELL $WLD TOKENS FROM ITS TREASURY OVER THE COMING MONTHS
The planned token sales could significantly increase the circulating supply of WLD tokens, potentially impacting their market value. Worldcoin has a market capitalization of $1 billion, but its fully diluted value stands at $54.5 billion.
Launched in July 2023, Worldcoin is a crypto-based digital identity project founded by OpenAI CEO Sam Altman, CEO Alex Blania, and Max Novendstern, CEO of biometrics research firm Mana.
Worldcoin offers a solution to identity issues through its “World App,” where users register their identity by scanning their retinas at machines known as “Orbs” in exchange for Worldcoin tokens.
Despite experiencing a significant rally in early March, with prices soaring 435% from its launch price to a peak of $11.74, WLD token prices have since declined by over 53% and are currently trading at $5.49.
