Worldcoin's WLD (CRYPTO:WLD) token experiences turbulent price swings amid plans for a substantial sell-off totaling $195 million.

The sale, orchestrated by World Assets, a Worldcoin subsidiary, targets institutional traders outside the US over six months.

Intended to meet global demand for verified World IDs and bolster network development, the move raises questions about potential impacts on token availability and value.

Founded by luminaries like OpenAI CEO Sam Altman and others, Worldcoin's innovative platform integrates identity verification through retinal scanning with cryptocurrency rewards, a concept driving its rapid adoption and valuation fluctuations.

Following a remarkable rally in early March, WLD prices have since plummeted over 53%, highlighting the volatile nature of the token.