Worldcoin Crashes 10% After the Project Sells 217 Million Tokens for Funding

World Foundation raised $52.5 million in a Worldcoin (WLD) token sale, and every token sold carries a 12-month lockup. Pantera Capital led the first close.

The nonprofit will spend the capital pushing World ID into enterprise platforms, consumer apps, and AI agents.

Why the Foundation Sold Locked Tokens

The Foundation sold new tokens into sustained WLD price pressure. Supply is the reason that concession matters. World had unlocked 4.9 billion of 10 billion WLD as of April 10, per its own tokenomics disclosure.

Daily emissions then fell 43% on July 24, dropping from roughly 5.1 million tokens to 2.9 million. Despite this, WLD has struggled.

The altcoin trades near $0.34, down more than 10% in 24 hours and 32.8% over the past 30 days. Large caps have fared better over the same stretch.

… Continue reading the full article at the original source below.