Earlier quoted context omitted.
I'm able to set the trackpad speed in both GNOME and KDE on Wayland with libinput. In GNOME, it is under Settings > Mouse & Touchpad > Touchpad Speed. In KDE, it is under Settings > Input Devices > Touchpad > Pointer speed. Do these settings not show up for you?
They're talking about scroll speed, not cursor speed. When using those high precision touchpads where you can scroll pixel by pixel (so not line by line scroll wheel emulation), it's impossible to configure the speed of that scrolling in GNOME, and on a whole lot of systems, it's insanely sensitive.
Also, in my experience XWayland programs seem to exhibit overly sensitive scrolling, while native Wayland is fine (noticed this mainly on Firefox). Perhaps X scrolls by line, while Wayland natively supports pixel-based scrolling?