Historical replay · WLD/USD
Worldcoin Rose 22% in Two Days, Then Gave All of It Back Before a 100 Million Token Unlock (October 2026)
WLD, the World Network token, rose from $0.4892 to $0.5983 between the start of October 19 and the early hours of October 21, 2026, on $140 million of volume in two days. By 00:30 UTC on October 24, the day a monthly tranche of about 100 million tokens was scheduled to unlock, it was at $0.4711, 21% below the high and below where the rally began. The last leg came in three quarter-hours on Friday evening, when bitcoin and ether fell at the same time. Replay a rally unwinding into a supply date, one hour at a time.
World Network, the project formerly known as Worldcoin, releases its token on a schedule: a daily linear release, which the project said in July 2026 would fall by 43% to about 2.9 million WLD a day, and larger monthly tranches. Tokenomics.com's unlock calendar listed the October tranche for October 24: 100.1 million WLD, about 1.8% of the token's market value, split roughly 49% to the community, 28% to private investors and 23% to insiders. Tokenomist, another unlock tracker, models WLD as a daily linear release with no monthly cliff, so the tranche is a calendar bucket rather than a single event. At $0.48, that is a release of about $48 million into a market that traded $60 million on October 23.
The week started the other way. WLD opened October 19 at $0.4892 and closed it up 9.06% at $0.5335 on $39.5 million; October 20 added 10.18% to $0.5877 on $100.7 million and 750,828 trades, the heaviest day of the replay. The high, $0.5983, printed in the 04:00 UTC hour on October 21, and that day closed flat. No catalyst for the rally was reported, and this replay does not guess at one. What followed is on the chart: October 22 lost 6.57% to $0.5459 as the Nasdaq's AI sell-off spread to crypto, and October 23 lost another 11.61% to $0.4825.
Most of Friday's loss came after the US stock market had closed. The token drifted from $0.555 to $0.509 between 06:00 and 21:45 UTC in candles of 1% or less; then the 22:15 quarter-hour fell 2.75% on $3.5 million, the 22:30 candle 3.11% on $4.6 million and the 22:45 candle touched $0.4729 on 42,219 trades, fifteen times the trade count of the 22:00 candle. The move was not WLD's alone: bitcoin fell from $81,350 to $80,559.60 in the same half-hour, on $44.9 million in the 22:45 candle, and ether from $2,395 to $2,351.55. The low of the replay, $0.4711, came at 00:30 UTC on October 24, and the token was at $0.4785 at 05:00 UTC.
The point of the replay is the order of events. The supply date was public for weeks, and the price fell into it rather than after it: from the October 21 high to the October 24 low the token lost 21.3%, ending 3.7% below where the rally started, before a single token of the monthly tranche had been released. Markets tend to discount a known unlock in advance, and the holders who bought the rally had every reason to sell before the new supply arrived rather than after. Whether the unlock itself moves the price is a separate question; the chart here only shows that by the morning it was due, a two-day rally had already been fully returned.