Currently, according to the latest figures from CoinMarketCap, there are only 434 million of the total 10 billion WLD tokens in circulation.
This tightly controlled supply is increasing with 2 million tokens released daily starting July 24. Each batch is worth around $3 million at current prices.
Therefore, this gradual release mechanism is expected to create selling pressure in the market, with a low float rate of 0.02 highlighted in the May 2024 CoinGecko report. Such a low rate indicates that a limited number of tokens will be traded and volatility may increase as more tokens are released.