Worldcoin Sells 117 Million WLD Tokens via OTC Ahead of Major Unlocks

Worldcoin has reportedly offloaded 117 million WLD tokens through private over-the-counter (OTC) transactions. These sales come at a critical time as the market prepares for upcoming token unlocks that will significantly increase the circulating supply. Analysts suggest that these OTC deals are likely aimed at managing liquidity or securing operational funding for Tools for Humanity. However, the scale of the sales has raised concerns among investors regarding potential downward pressure on the token's price. Large-scale distributions often signal a cautious outlook from project insiders before a surge in market supply. Consequently, market sentiment remains wary as the impact of these transactions unfolds alongside the scheduled unlocks.

Sources:cryptobriefing.comblockchain.newsmexc.comexc.comainvest.comcryptorank.iomitrade.comdefi-planet.comblockchainreporter.nettradingview.comtradersunion.comletsdatascience.comcryptonews.netblockchain.news