Worldcoin Market Cap Paradox: Why Growth Doesn’t Equal Gains
Worldcoin ($WLD ) is showing one of the strangest market dynamics right now. On the surface, its market capitalization has climbed to an all-time high of $3.58B — yet the token price sits around $1.77, far below previous peaks. So what’s going on?
📊 The Supply-Driven Illusion
The answer isn’t bullish demand — it’s supply expansion.
• Circulating supply has jumped from 13% to 20% of total supply in just a few months.
• This “unlock wave” artificially inflates market cap without boosting price.
• For early investors, this means dilution: each token represents a smaller slice of the overall pie.
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⚠️ Investor Risks Ahead
• Extended Unlock Schedule: WLD’s unlocking runs until 2028, with 10B+ tokens projected by 2038. That’s years of potential selling pressure.
• Exchange Inflows Rising: On-chain data shows record WLD deposits into exchanges — often a precursor to sell-offs.
• Price vs. Market Cap Divergence: Market cap looks strong, but token value stagnates or falls, eroding investor confidence.
🏢 Corporate Developments
Worldcoin’s treasury-linked firm, Eightco Holdings, has announced a Nasdaq ticker change to ORBS. While this boosts visibility, it doesn’t solve the core tokenomics challenge of dilution and oversupply.
🎯 The Bigger Picture
Worldcoin’s paradox is a reminder that market cap growth isn’t always investor-friendly. Without sustainable demand to absorb the accelerating supply, the project risks long-term downward pressure. Traders should focus less on flashy market cap headlines — and more on circulating supply, unlock schedules, and real adoption metrics
👉 What do you think: is Worldcoin’s supply model sustainable, or is this dilution cycle setting up years of pain for holders?
