Worldcoin's WLD Token Soars 23% Amid Lock-Up Extension and Strategic Market Moves
July 17, 2024Worldcoin's native token WLD surged by 23% to $2.84.
Tools for Humanity extended the lock-up period for team members and investors, reducing the daily token release to 2 million starting July 24, 2024.
This decision aims to manage market saturation and support the token's value by spreading out the influx of tokens.
The lock-up period extension now spans four years, concluding in July 2028, with the vesting schedule extending to 2029.
Despite regulatory challenges, Worldcoin remains focused on providing a decentralized identity solution through the World ID concept.
The project has attracted over 6 million users holding World IDs and over 211 million tokens claimed by verified World ID holders.
Worldcoin recently raised $115 million in a Series C round.
The project ranks #95 by market cap with a market capitalization of $784.9 million.
Vincent Maliepaard, Marketing Director at IntoTheBlock, underscores the importance of unlock schedules in influencing asset prices.
BeInCrypto advises independent verification of facts before making investment decisions.
Summary based on 5 sources
Get a daily email with more Crypto stories
Sources
CoinDesk • Jul 16, 2024
Sam Altman's Worldcoin Surges 15% as Investor and Team Lockup ExtendedCointelegraph • Jul 16, 2024
Tools of Humanity delays unlock of 80% of WDL tokensBeInCrypto • Jul 17, 2024
Worldcoin Will Unlock 2 Million WLD Tokens Daily From July 24CryptoSlate • Jul 16, 2024
Worldcoin surges 33% after extending token lock-up period for team, investors