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WLD Price Soars 21% as TFH Announces Token Block Extension
Worldcoin contributor Tools For Humanity has announced an extension of the WLD token lockup that will see a distributed increase from three to five years. Worldcoin tokens allocated to early investors and TFH team members will be unlocked daily in a linear fashion for an extended period. WLD price has surged since the announcement as bulls ramp up the pressure.
WLD price rises 21%
Worldcoin Price has been marching higher in a reversal of bullish sentiments over the past 24 hours. WLD price has surged 21.2% today to trade at $2.36 with daily trading volumes skyrocketing. At press time, the asset’s market cap is over $649 million while daily trading volumes have surged 286% above $443 million.
This comes on top of the WLD price bounce over the past seven days as the broader market sees gains. WLD weekly gains are now above 26%, although monthly numbers are still in the red zone. Most users point to further gains as adoption grows over several quarters. The price surge follows TFH’s announcement to extend token blocks for the start
World currency contributors.
Starting July 24, 2024, WLD tokens allocated to investors and team members of Tools for Humanity (TFH), the first contributors to the Worldcoin project, are expected to begin unlocking linearly. This week, TFH informed the Worldcoin Foundation that, in a move aligned with the long-term nature of Worldcoin’s mission, the unlocking of 80% of WLD held by TFH team members and investors will be extended from 3 to 5 years.”
The broader market fluctuates
The cryptocurrency market traded sideways at mid-day but has started to stabilize as bulls tighten their grip. This week has seen inflows into digital assets with the price of Bitcoin regaining ground following the German government’s Bitcoin sell-off.
BTC Price stands at $63,467, up 10% this week. Similar weekly numbers were also seen in Ethereum (ETH), BNB, and Solana (SOL). However, Ripple (XRP) figures outperformed the market with 30.4%.
Read also: Samson Mow Predicts Immediate Sale of Bitcoin Cash (BCH) from Mt Gox
David is a financial news contributor with 4 years of experience in Blockchain and cryptocurrency. He is interested in learning about emerging technologies and has an eye for breaking news. Keeping up to date with trends, David has written in several niches including regulation, partnerships, cryptocurrency, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horseback riding.