The price of $WLD (Worldcoin) is indeed affected by its circulation. Initially, the circulation of WLD was relatively low, only 143 million, most of which were controlled by market makers. This supply scarcity may be an important factor in its price reaching $11. However, the current situation has changed, and the circulation of WLD has increased to nearly 600 million, which makes it more difficult to control the market. With three million WLD unlocked every day, there is no main force in the market willing to control the market, which may lead to price volatility and increased uncertainty.

According to the Worldcoin white paper, the initial circulation supply is 143 million WLD, of which 100 million were loaned to market makers operating outside the United States. These market makers received a loan of 100 million WLD within 3 months of the token launch, and at the end of the three months, each entity must return its loan or can choose to purchase any number of tokens up to the amount of the loan it received. As time goes by, the circulation of WLD gradually increases. The unlocked supply curve shows that the total issuance of WLD tokens is 10 billion, and the current circulation accounts for only 16% of the total tokens. A large number of tokens are still in the state of being unlocked. Currently, the main unlocked tokens are owned by the community, and the daily unlocking volume is 3.2 million.

This increase in circulation may have an impact on the price of WLD, because more tokens entering the market may increase supply, thereby putting pressure on prices. Therefore, when investors consider investing in WLD, they need to consider the possible impact of this change in circulation on its price.