As a seasoned crypto analyst with years of experience in following the digital currency market, I’ve seen my fair share of price rallies and developments within the space. Today’s surge in Worldcoin (WLD) prices, with an impressive 10% increase to $2.31 in just 24 hours, has certainly piqued my interest.
The value of Worldcoin (WLD) has experienced a significant increase. As reported by CoinMarketCap, WLD has risen more than 10% to reach $2.31. Additionally, the coin’s market capitalization has also dramatically grown by over 10.56%, reaching a total value of $683 million, positioning it as the crypto with the 95th largest market cap.
As a researcher studying the cryptocurrency market, I’ve noticed an impressive price rally for Worldcoin (WLD) recently. This development comes following a significant milestone from the Worldcoin team: the commencement of the major token unlock on July 24. This event is being overseen by the Tools for Humanity (TFH) team. According to their official announcement, the majority of WLD tokens will be distributed to individuals holding valid World IDs.
The team has announced that each person will receive these coins in recognition of their distinct humanity, as confirmed through the Worldcoin network. Approximately six million unique individuals have taken part in this process so far. The unlocking event, initiated by the team, will occur daily in a consecutive manner.
Major developments
Last week, the Tools for Humanity (TFH) team informed the Worldcoin Foundation that they will release 80% of their WLD coins to the foundation over a longer period. The token unlock, which was originally set for three years, has now been extended to last five years. This decision aligns with the broader objectives of Worldcoin.
The WLD team made it clear that the new token release won’t affect World ID holders’ WLD grants. Unlocking of WLD tokens commenced last year, with a total of 12.5 million tokens being freed up so far. This process is set to continue until 2026, with an additional 3.20 million tokens scheduled for release.
The WLD token unlock has received widespread approval within the community, fueling optimism and driving a 10% price increase for Worldcoin today. This surge could mark the beginning of a prolonged bullish market trend for Worldcoin. The potential for further price growth remains promising, though the future is ultimately uncertain.
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2024-07-26 18:28