Sam Altman’s Worldcoin cuts WLD unlocks by 43% but 4.9B tokens still need to prove demand
Summary
Worldcoin will cut WLD unlock emissions by 43% on July 24, reducing daily unlocks by about 2.2 million tokens, or roughly 803 million fewer per year. But the market already had about 49% of the 10 billion supply unlocked by April 10, so the cut is less a supply shock than a test of whether demand can absorb a large existing float. WLD traded near $0.38 on July 9, with about $1.34 billion market cap. The main bullish case is that World ID becomes paid proof-of-human infrastructure, generating recurring fees that could support token demand or burns. That case still needs evidence: real usage, fee volume, token-settled activity, and clear demand from apps. Regulatory scrutiny over biometric data remains a major constraint.
