The Worldcoin project, developed by OpenAI’s Sam Altman, is preparing to release a substantial amount of its native token, WLD. This scheduled release of 37.23 million tokens, valued at $70 million, has raised concerns about how the market will handle the new supply and its potential impact on the price of WLD. The linear token unlock event, unlike one-time unlocks, distributes tokens gradually over time, but it could still lead to increased selling pressure if early investors or insiders decide to sell their newly unlocked tokens. This unlock event could have a bearish or bullish outcome for Worldcoin, depending on how the market absorbs the new tokens. The current price of WLD is $1.84, down 11.92% in the last 24 hours, and key technical indicators suggest a bearish sentiment. The $1.80 support level is crucial for determining the short-term price trend, with $1.50 as the next key support level. Breaking above the $2.00 and $2.334 resistance levels could indicate a return to positive sentiment. Additionally, legal challenges in Brazil have added to the bearish sentiment surrounding Worldcoin's price.



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