Worldcoin is set to expand its WLD token supply significantly, with plans to increase by up to 19% within the next six months. This increase will see up to 1.5 million WLD tokens, valued at approximately $8.2 million, sold weekly to select trading firms outside the United States. These private sales are orchestrated by World Assets, a subsidiary of the Worldcoin Foundation, which oversees token issuance.
The decision aims to enhance liquidity and market participation while negotiating sales near the prevailing market prices to minimize potential impacts on the token's price. With a current market cap of $1 billion and a circulating supply of 193 million WLD tokens, these additional 36 million tokens represent a significant influx aimed at stabilizing and growing the WLD ecosystem.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
