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Why Worldcoin's market value continues to rise sharply while WLD prices remain stable

Source: CoinWorld
World Currency (WLD) hit an all-time high of $3.58 billion, more than double its March 2024 peak, but its price remained at $1.77, well below its $12 peak. This contradiction stems from the increase in the supply of tokens, and by September 2025, the proportion of tokens in circulation will rise from 13% to 20% in September 2025. As WLD enters an accelerated unlocking phase until 2028, investors are increasingly concerned, with more than 10 billion tokens expected to be issued by 2038, which will increase dilution risk and selling pressure.
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