Worldcoin's Plan to Sell $195 Million Worth of WLD Tokens and Its Price Impact
Wednesday, 24 April 2024, 04:53
Worldcoin Aims to Release $195 Million Worth of WLD Tokens
Worldcoin is set to sell 36 million WLD tokens, worth approximately $195 million to expand its digital identity services.
Market Impact and Challenges
The market context for this sale is challenging, with Worldcoin's price plummeting by over 54% since March 10. The addition of millions of new tokens may further depress the price, especially since the token is struggling to maintain a support level of $5.37.
- Planned Safeguards and Market Expectations
- Optimism Amid Market Challenges
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.