Since March, WLD (Worldcoin) has been performing poorly, with the unit price plummeting from a peak of nearly 12 USDT to 1.72 USDT. This decline is not only affected by the overall market decline, but also mainly due to the large amount of continuous unlocking pressure on WLD tokens. However, Worldcoin has recently adjusted the token release rules twice in a row, bringing a turnaround to the market, as well as the expectation that the World Chain platform will be launched soon. These factors have jointly improved the market performance of WLD and attracted the attention of many investors. In the past week, the price of Worldcoin (WLD) has soared by a staggering 46%.
WLD Token Unlock Background
WLD tokens were officially launched on July 14, 2023, with an initial circulation of 143 million, including 100 million loans from market makers, and the actual circulation is only 43 million. After the token is issued, its release speed is particularly rapid in the first three years: community tokens are mainly unlocked in the first year, and institutional unlocking begins in the second year, lasting for two years. Currently, WLD's circulation has grown significantly, with an inflation rate as high as 541%, showing a sharp expansion of its liquidity.
Adjustment of token unlocking time
The Worldcoin team recently announced a major revision to its token unlocking plan, reducing the daily unlocking amount from 6.62 million to about 5.4 million. This adjustment reduces market supply pressure and mitigates the risk of possible price declines. Specific revisions include:
Extended unlocking period: Worldcoin extended the token unlocking period for some early investors from the original two years to four years, significantly reducing the circulating supply in the short term.
Daily unlocking amount reduced: After the adjustment, the daily unlocking amount of Worldcoin is reduced, which helps stabilize the currency price and enhance investor confidence.
World Chain is coming soon
The Worldcoin team announced that its blockchain platform World Chain is expected to be officially launched at the end of this summer. This new platform will provide more features and services, including but not limited to:
Enhanced transaction and contract functions: Provide users with a more efficient and secure transaction experience.
Expanded ecosystem: Support more decentralized applications (DApps) and attract developers and users to join.
New governance mechanisms: Voting and community governance elements may be introduced to increase participation of token holders.
Market Reaction
Although the adjustment of the token release rules failed to fundamentally solve the huge selling pressure problem of WLD, the price of WLD has increased significantly by 35% since the announcement. This performance once again verified Worldcoin's ability in news trading, and the market showed a "long short, short long" trend in the short term. However, investors still need to remain cautious, because the reduction in unlocking volume does not mean that the selling pressure has completely disappeared, and the liquidity of WLD is still large and complex.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
