{"id":29651,"date":"2024-04-24T12:58:51","date_gmt":"2024-04-24T12:58:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/worldcoin-update-whats-going-on-with-the-wld-token\/"},"modified":"2024-04-24T12:58:51","modified_gmt":"2024-04-24T12:58:51","slug":"worldcoin-update-whats-going-on-with-the-wld-token","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/worldcoin-update-whats-going-on-with-the-wld-token\/","title":{"rendered":"Worldcoin update: What\u2019s going on with the WLD token?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Worldcoin subsidiary plans to sell up to 36 million WLD tokens over next six months<\/span><\/li>\n<li><span style=\"font-weight: 400\">WLD supply could increase by as much as 19%.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Worldcoin price hovered around $5.48 on Wednesday, flat on the day after paring earlier gains.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The scenario that the supply of Worldcoin increases by up to the above number of coins stems from plans outlined in a <a href=\"https:\/\/worldcoin.org\/blog\/announcements\/circulating-supply-update-sales-trading-firms\" target=\"_blank\" rel=\"noopener\">blog post<\/a> published on April 23.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>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 tokens from the World Assets treasury in the coming months<\/em>,\u201d Worldcoin Foundation said in the announcement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In particular, World Assets is looking to sell between 500,000 to 1.5 million WLD tokens every week for six months. The tokens will account for about 0.1% to 0.4% of Worldcoin\u2019s weekly trading volume.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the blog post, the tokens are from the World Assets treasury and will be sold via private sales to non-US institutional trading firms.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>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<\/em>,\u201d Worldcoin Foundation team noted.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Worldcoin (WLD) token price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per CoinGecko data, Worldcoin\u2019s 24-hour trading volume stands at $216 million while circulating supply is just over 194 million.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Worldcoin (WLD) price today is up about 9.7% in the past week and down by about 36% in the past 30 days. <\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/portugal-orders-worldcoin-to-halt-data-collection\/\">Regulatory headwinds<\/a> and slowdown in AI tokens 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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The token 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\u2019s plans for <a href=\"https:\/\/coinjournal.net\/news\/worldcoin-to-launch-a-new-ethereum-l2-network-dubbed-world-chain\/\">a new Ethereum layer-2 called World Chain<\/a> also buoyed prices.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/worldcoin-update-whats-going-on-with-the-wld-token\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Worldcoin subsidiary plans to sell up to 36 million WLD tokens over next six months WLD supply could increase by as much as 19%. Worldcoin price hovered around $5.48 on Wednesday, flat on the day after paring earlier gains. The [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29651"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29651"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29652"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}