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Worldcoin

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<div class="coinjournal">
 <ul>
 <li>Worldcoin subsidiary plans to sell up to 36 million WLD tokens over next six months</li>
 <li>WLD supply could increase by as much as 19%.</li>
 <li>Worldcoin price hovered around $5.48 on Wednesday, flat on the day after paring earlier gains.</li>
 </ul>
 The scenario that the supply of Worldcoin increases by up to the above number of coins stems from plans outlined in a blog post published on April 23.
 “To meet the increasing demand for orb-verified World IDs around the world and support the growth of the Worldcoin network, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) expects to sell WLD <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s from the World Assets treasury in the coming months,” Worldcoin Foundation said in the announcement.
 In particular, World Assets is looking to sell between 500,000 to 1.5 million WLD <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s every week for six months. The <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s will account for about 0.1% to 0.4% of Worldcoin’s weekly trading volume.
 According to the blog post, the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s are from the World Assets treasury and will be sold via private sales to non-US institutional trading firms.
 “These private placements of WLD will take place for up to 6 months and will include certain measures designed to prevent WLD sold outside the US from flowing back into the US,” Worldcoin Foundation team noted.
 <h2 id="span-style-font-weight-400-worldcoin-wld-token-price-span">Worldcoin (WLD) token price</h2>
 If World Assets sells the expected weekly total of up to 1.5 million WLD tokens (worth about $8.2 million) the total sales for the six months could reach 36 million tokens. The value of the new WLD supply hitting the market could be up to $197 million, given current WLD token price of $5.48.
 Per CoinGecko data, Worldcoin’s 24-hour trading volume stands at $216 million while circulating supply is just over 194 million.&nbsp;&nbsp;
 Worldcoin (WLD) price today is up about 9.7% in the past week and down by about 36% in the past 30 days. 
 Regulatory headwinds and slowdown in AI <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s is likely behind the decline this past month. However, WLD price is more than 456% up since its all-time low of $0.9731 reached in September last year.
 The <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> launched in July 2023, co-founded by OpenAI CEO Sam Altman. In March, Worldcoin surged to its all-time high of $11.74, getting tailwinds from the broader AI narrative. Worldcoin’s plans for a new Ethereum layer-2 called World Chain also buoyed prices.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/worldcoin-update-what-s-going-on-with-the-wld-token-tbt86376.html">https://thebittimes.com/worldcoin-update-what-s-going-on-with-the-wld-token-tbt86376.html</a>

Worldcoin update: What’s going on with the WLD token?

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