WLD Price Rockets 21% As TFH Announces Token Lockups Extension
Highlights
- WLD price surged 21% following the token lockup announcement.
- TFH developers and team members will see token lock periods extended for up to 5 years.
- The crypto market continues its recovery after previous losses.
Worldcoin contributor, Tools For Humanity has announced an extension of WLD token lockups that will see a distributed increase from three to five years. Worldcoin tokens allocated to early investors and team members of TFH will be unlocked daily in a linear fashion for a longer term. WLD price has boosted uphill following the announcement as bulls mount pressure.
WLD Price Soars 21%
Worldcoin price has marched uphill in a flip of bullish sentiments in the last 24 hours. WLD price is up 21.2% today to trade at $2.36 with daily trading volumes going over the roof. At press time, the asset’s market cap stands over $649 million while daily trading volumes are up 286% above $443 million.
This adds to the WLD price rebound in the past seven days as the wider market records upticks. WLD weekly gains are now above 26% although monthly numbers are still in the red zone. Most users point to more gains as adoption grows in several quarters. The price surge follows the announcement by TFH extending Token lockups for early Worldcoin contributors.
Starting July 24, 2024, the WLD tokens allocated to investors and team members of Tools for Humanity (TFH), early contributors to the Worldcoin project, are scheduled to begin unlocking linearly. This week TFH informed the Worldcoin Foundation that in a move aligned to the long-term nature of Worldcoin’s mission, the unlock of 80% of the WLD held by TFH’s team members and investors is being extended from 3 to 5 years.”
Wider Market Fluctuates
The crypto market traded sideways in mid-day but has begun to steady as bulls tighten their grip. This week has seen inflows in digital assets with the price of Bitcoin regaining lost ground after the German government’s Bitcoin sales. BTC price stands at $63,467, a 10% increase this week. Similar weekly numbers were also seen in Ethereum (ETH), BNB, and Solana (SOL). However, Ripple’s (XRP) figures surpassed the market with 30.4%.
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