Worldcoin will sell 500,000 to 1.5 million WLD per week over the next 6 months

Worldcoin said in an April 23 blog post that Worldcoin Foundation’s subsidiary responsible for token issuance, World Assets, will sell up to 1.5 million WLD per week, worth about $8.2 million, through a series of “private placements to select institutional trading firms operating outside the United States.” “World Assets expects to sell an average of 500,000 to 1.5 million WLD per week. As a result, the circulating supply of WLD will increase accordingly,” Worldcoin wrote. According to CoinGecko, adding up to 1.5 million WLD tokens per week for six months would equate to an additional 36 million new tokens entering the market, currently worth about $197 million. (Cointelegraph)