WLD Price Skyrockets 21% as TFH Announces Token Lockups

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As a dedicated researcher with a strong background in the cryptocurrency market and Worldcoin in particular, I have closely monitored the recent development regarding Tools For Humanity (TFH) and their decision to extend token lockups for WLD from three to five years. My personal experience has taught me that such announcements can significantly impact the price of a token, and this instance is no exception.

Expert: The organization Tools For Humanity, which contributes to Worldcoin, has revealed plans to lengthen the lockup period for WLD tokens from three to five years. This modification will apply to the assigned Worldcoin tokens held by early investors and TFH team members. The daily release of these tokens will occur linearly over a longer term. Consequently, the value of WLD has risen significantly in response to this announcement, with buyers exerting increased demand.

WLD Price Soars 21%

In the past 24 hours, the price of Worldcoin (WLD) has surged significantly due to a surge in bullish sentiment, with an impressive gain of 21.2%. The coin is now trading at $2.36, and the trading volumes have skyrocketed, exceeding $1.5 billion at this moment. Additionally, the market capitalization of Worldcoin has grown substantially to over $649 million, representing a substantial increase from its previous value of $443 million.

WLD Price Skyrockets 21% as TFH Announces Token Lockups

As an analyst, I’ve observed that the recent upticks in the wider market have contributed to a significant rebound in WLD prices over the past week. At this point, WLD weekly gains exceed 26%. However, monthly figures remain in the negative territory. A notable number of users anticipate further price growth as adoption expands across multiple quarters. This bullish sentiment follows the recent announcement by TFH to extend token lockups for early Worldcoin contributors.

As a researcher investigating the Worldcoin project, I’ve come across some important information regarding the unlock schedule for WLD tokens allocated to Tools for Humanity (TFH) and its team members and investors. Starting July 24, 2024, these tokens will begin unlocking linearly. Recently, TFH notified the Worldcoin Foundation of an adjustment in line with Worldcoin’s long-term mission: The release of 80% of the WLD held by TFH’s team members and investors is being extended from three to five years.

Wider Market Fluctuates

The cryptocurrency market remained relatively unchanged during the afternoon hours, but has since gained stability as buying pressure intensified. This week witnessed significant investments in digital currencies, with Bitcoin recovering some of its previous losses following news of German government Bitcoin sales. At present, Bitcoin is priced at $63,467, representing a 10% climb over the past seven days. Similar weekly growth was observed for Ethereum, Binance Coin, and Solana, albeit to a lesser extent than Bitcoin’s surge. Notably, Ripple defied market trends by recording a remarkable 30.4% increase in value this week.

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2024-07-16 17:45