Worldcoin (WLD) Surges 36% as TFH Extends Token Lockups to Five Years

• With daily trading volumes over the ceiling, the price of WLD is up 36.29% to $2.69.
• Tools For Humanity raised the duration of WLD token lockups from three to five years.

In a recent announcement, Worldcoin contributor Tools For Humanity raised the duration of WLD token lockups from three to five years, with a distributed increase. Daily, in a linear form, over a longer duration, Worldcoin tokens that were awarded to early investors and TFH team members will be unlocked. Since the announcement, the price of WLD has been steadily rising as bulls continue to exert pressure.

Moreover, Tools for Humanity (TFH) investors and team members, who were early contributors to the Worldcoin project, are slated to begin unlocking their WLD tokens in a linear fashion starting July 24, 2024.

Massive Price Rally

The price of Worldcoin has risen steadily over the last day, thanks to a shift in optimistic sentiment. With daily trading volumes over the ceiling, the price of WLD is up 36.29% to $2.69. Also, there has been a 384% increase in daily trading volumes, reaching $614 million. And the tokens’s market cap is now above $741 million at the time of writing as per data from CMC

Along with other market upswings, this has contributed to WLD’s price recovery during the previous week. Although monthly figures remain negative, WLD is up 44.02% in the last 7 days. The announcement by TFH to prolong Token lockups for early Worldcoin contributors prompted the price rise.

In a move that reflects Worldcoin’s ambition to be a long-term player, TFH has notified the Worldcoin Foundation this week that the unlock of 80% of the WLD owned by TFH’s team members and investors would be prolonged from 3 to 5 years.

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