Worldcoin'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.