TechFlow Post news — Worldcoin announced its token launch yesterday. When WLD debuted on multiple centralized exchanges (CEXs), the price initially hovered around $1, followed by a brief and rapid surge. According to Bitget market data, WLD briefly spiked to a high of $4.7, representing an increase of over 1,000% at its peak.
Worldcoin (WLD) has a total supply of 10 billion tokens. Based on circulating market capitalization, WLD's current market cap stands at $400 million. Its fully diluted valuation (FDV) reached as high as $47 billion at its peak. However, as of now, the price has dropped below $2, currently trading at $1.97—approximately 42% lower than its all-time high. This decline is primarily attributed to flaws in market-making terms and the project’s tokenomics.
Gracy Chen, Managing Director at Bitget, stated: "It will be difficult for Worldcoin to sustain its high valuation over the long term. First, there are flaws in the market-making arrangement. Market makers control over 96% of the circulating supply, giving them excessive influence and full ability to manipulate the market and dictate price movements. With their cost basis between $2 and $2.8, any price above $2.8 presents a profitable opportunity for market makers to offload their holdings. Second, NFT holders were excluded from the token airdrop, sparking public backlash. Third, the overly aggressive token release schedule creates substantial selling pressure. Finally, the project altered its token allocation plan—initially, in 2021, 20% of tokens were allocated to Tools for Humanity (TFH) investors and the team, but this was later increased to 25%. Under the revised tokenomics, more low-cost tokens will flow to insiders and investors rather than the community."
