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The price of Worldcoin (WLD) has witnessed a meteoric rise today, creating notable buzz on the broader crypto market. The coin has skyrocketed 44.31% to $3.14 in the last 24 hours.
Worldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.
In a recent expose, prominent crypto detective ZachXBT has highlighted potential insider trading and questionable practices by the Worldcoin team as the project nears a significant token unlock. ZachXBT's investigation builds on research by top Bybit trader DefiSquared.
Worldcoin (CRYPTO: WLD) has experienced a substantial 40% price increase following an announcement by Tools for Humanity (TFH) regarding an extension of token lockup periods for early contributors. What Happened: This news has sparked renewed interest in Worldcoin, which aims to create a global identity and financial network.
“These tokens were locked to allow the protocol to mature before these groups would be able to access their token allocation(s),” the company wrote.
Exciting things are happening with Worldcoin! People are buzzing about whether the price of WLD, the project's cryptocurrency, can reach the $5 mark.
The crypto markets appear to have been taken over by the bulls as the major tokens have risen above their crucial resistance zone. Bitcoin rose above $65,000, while Ethereum was above $3,500, & XRP, which remained passive for quite a while, has soared by over 40% in the past couple of days to reach $0.6.
The Worldcoin project, spearheaded by Sam Altman of OpenAI, is entering a critical phase with the scheduled unlocking of Worldcoin tokens for early contributors starting July 24.
The motivation for the price increase of the crypto Worldcoin
Tools for Humanity (TFH), the developer behind Worldcoin, has extended the lock-up period for WLD tokens allocated to team members and investors. This strategic decision has altered the token distribution timeline, with 2 million tokens set to be released daily beginning July 24, 2024.
According to a blog post dated July 16, Tools for Humanity (TFH), the developer behind the Worldcoin project, has announced a significant change to the unlock schedule for its native token.
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.
Mt. Gox funds on the move, WLD jumps amid changes to its early contributor token unlock schedule, a crypto-AI startup raises $9M and more.
Worldcoin developer Tools for Humanity (TFH) has announced an extension to the lock-up period for the WLD tokens allocated to its team members and investors, leading to a significant surge in the token's prices.
Worldcoin just made a big change. The unlocking schedule for WLD tokens for about 80% of TFH investors and team members is now extended from 3 years to 5 years.
Originally set to unlock over three years, the tokens will now become accessible for early contributors and investors over five years, beginning on July 24, 2024.
The Worldcoin Foundation has announced an extension of the token lock-up period for early contributors at Tools for Humanity from three years to five years.
Worldcoin token lockups will be extended from 3 to 5 years for early investors and team members.
The World Coin project which revolves around creating a World ID that protects the privacy of the people by utilizing zero-knowledge proofs, has made a major bullish comeback, stealing the attention from other artificial intelligence (AI) protocols. Based on the current Worldcoin price prediction, WLD soared 20% on Tuesday to trade at $2.37 during US
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.
Decentralized identity project Worldcoin has announced that it is extending lock ups for early investors and team members, the project's native token (WLD) rose by 13% after the announcement was published.
Tokens distributed to Tools for Humanity investors and team members will begin entering the circulating supply of WLD tokens next week.
Crypto analytics firm IntoTheBlock is warning that large token unlocks in the future may hamper the performance of several altcoins. IntoTheBlock notes that nearly $25 million worth of Bitcoin (BTC) is “unlocked” or mined each day – an amount that is easily absorbed by the crypto king's large and liquid market.
Yat Siu, the founder of Animoca Brands, recently opened up about his plans with Moca ID, the blockchain solution under their Mocaverse project. According to Yat, Moca ID wants to revolutionize the Web3 industry by integrating network effects across multiple ecosystems.
