WLD Token Price on Watch as Worldcoin Plans $195 Million Sell-Off

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Worldcoin’s digital asset, WLD tokens, is experiencing dramatic 50% price swings. What’s causing the stir this time? Recent announcements about the sale of tokens from the Worldcoin treasury.

Token Sale Strategy

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.

JUST IN: @WORLDCOIN SUBSIDIARY 'WORLD ASSETS' PLANS TO ROUTINELY SELL $WLD TOKENS FROM ITS TREASURY OVER THE COMING MONTHS

— BSCN Headlines (@BSCNheadlines) April 24, 2024

With big token sales on the horizon, there’s talk about how it might affect the number of WLD tokens available and, consequently, their value. Worldcoin currently has a market value of $1 billion, but its total potential value is a whopping $54.5 billion. It’s a big shift that could change how the market works.

Visionaries Behind Worldcoin

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.

Also Check Out: Worldcoin Price Prediction 2024 – 2030: Will WLD Price Reach $100?

At the core of Worldcoin’s innovation is the “World App,” a platform where users can register their identity by scanning their retinas at machines called “Orbs.” In return, users get valuable Worldcoin tokens. It’s a seamless blend of identity and crypto.

Tracking WLD token prices is like riding a rollercoaster. After a thrilling rally in early March, with prices jumping 435% to $11.74, there was a downturn. Now, WLD token prices have fallen by over 53%, sitting at $5.49.