Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months
Summary
Worldcoin plans to sell 500,000 to 1.5 million WLD tokens weekly for six months through private placements, potentially increasing the circulating supply by 18.6%. This could impact WLD's price, but the team downplays the effect, citing the small percentage of the current weekly trading volume. The project, known for its Orb device for human verification, faces regulatory scrutiny and potential fines in Argentina. Despite this, the team aims to use the token sale proceeds to meet the increasing demand for orb-verified World IDs globally. Worldcoin is currently trading at around $5.4, down over 6% in the last 24 hours.
