Worldcoin Sells 117 Million WLD Tokens via OTC Deals
- Worldcoin sold 117 million WLD tokens for approximately $39 million through over-the-counter transactions.
- The tokens were deposited to Binance and FalconX, receiving about $35 million in USDC in return.
- This sale implies an effective price of approximately $0.3 per token, with WLD trading at around $0.32 at the time.
- WLD’s current price reflects a significant decline from its all-time high of $11.7 in March 2024.
- A major token unlock is scheduled for July 2026, where over 52% of the total supply will enter circulation.
Trading Analysis
Trading Signal: BEARISH (Score: -8)
The significant token unlock and price decline indicate potential downward pressure on WLD.
Price Levels:
Current: $0.32
Support: Not specified | Resistance: Not specified
Recent Range: Not specified
Catalysts & Timeline:
• Near-term: Token unlock July 2026
Risk Assessment:
• Large token unlock increases supply significantly
Historical Context:
• Approximately a 97% decline from its peak of $11.7 in March 2024
Worldcoin’s recent sale of WLD tokens through OTC deals suggests a bearish outlook, with the upcoming major token unlock potentially exerting further downward pressure on prices.
Source (3.2)https://cryptobriefing.com/worldcoin-otc-sale-binance-falconx/?rand=59535
