WorldCoin WDC

Led by OpenAI CEO Sam Altman, the Worldcoin project readies for a significant token unlocking, which may result in a notable price drop.Initially launching with a token supply of 10 billion, the majority of funds, including those for early investors and developers, were locked. Currently, only 194 million WLD, or 1.9% of the total issuance, are in circulation. Over the next 15 years, the remaining coins will be gradually unlocked according to the white paper schedule, starting on July 24th, with 4.75 million WLD released daily. This represents 0.05% of the total token count or 2.4% of the current circulating supply, unlocking the same volume as currently in circulation in just 41 days.The extent of the negative price impact will hinge on holders&#39; willingness to sell their coins. Additionally, World Assets Ltd, a subsidiary of the Worldcoin Foundation, intends to sell between 500,000 and 1.5 million tokens per week for up to six months to institutional trading firms outside the US, amounting to a selling pressure ranging from $70 million to $200 million.While increased user enthusiasm could offset the negative impact, regulatory resistance is growing against the requirement for retinal scanning to join the community. Despite user interest, there&#39;s a trend of prohibitive measures against Worldcoin in Asia, Africa, and Latin America. In Europe, only Germany remains a viable market for user acquisition following bans by Spain and Portugal.Moreover, with the presence of the black market for World ID and violations of international law, attracting new participants poses increasing challenges. Paired with controversial tokenomics, the outlook for WLD investors appears uncertain.Full story: <a href="https://coinfactiva.com/bearish-trend-worldcoin-prepares-for-unlocking-and-sale-of-reserves/" rel="noopener noreferrer nofollow">https://coinfactiva.com/bearish-trend-worldcoin-prepares-for-unlocking-and-sale-of-reserves/</a>

Worldcoin Prepares for Token Unlocking and Reserve Sale

coinfactiva.com

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