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It seems that the Worldcoin token unlock schedule is going to change significantly. Starting July 24th, the daily unlock amount of WLD will decrease from 5.1 million to 2.9 million tokens, which is a substantial reduction. Especially for community tokens, it will drop from 3.2 million to 1.6 million, a 50% decrease. Does this mean selling pressure on holders will decrease?
There’s also increasing discussion about the Worldcoin app, and this reduction in unlock pressure is likely to have a positive effect on market sentiment. The tokens held by the team and investors will also decrease from 1.9 million to 1.3 million, so overall, the unlock schedule will be considerably eased. Currently, about 3.3 billion of the total 10 billion WLD supply are in circulation. Since tokens are unlocked linearly every day, there won’t be any sudden releases concentrated on specific dates.
Slowing down the token unlock pace isn’t unusual, but this scale of reduction is quite noticeable news. Market reactions will depend, but it’s worth paying attention to.