FTX to Auction 22.3M Worldcoin Tokens, WLD Price Falls 2%
Worldcoin $WLD dropped over 2% after reports surfaced that the FTX estate plans to auction 22.3 million locked WLD tokens, valued at $37.7 million, to recover funds for creditors.
The auction could offer tokens at a discount of 40% to 75%, causing WLD's price to dip to around $1.70, down over 20% for the week.
The locked tokens will gradually unlock until 2028, raising investor concerns. Despite this, Worldcoin continues expanding globally, with potential price increases forecasted for 2025.
