HERE'S WHY WORLD COIN'S $WLD TOKEN UNLOCK HAD LITTLE EFFECT ON WLD'S PRICE
Worldcoin's recent token unlock event had a minimal impact on its price, despite a brief 11.74% surge. The token's price remains bearish, with traders showing negative sentiment. The futures market indicates a lack of conviction in Worldcoin's price movements. The token's development team, Tools for Humanity, extended the unlock schedule from three to five years to manage market supply and stabilize prices. However, the token's short-term moving average and Relative Strength Index suggest a neutral to bearish trend. Traders are betting on a price decline, with a negative funding rate indicating sellers are dominating the market.
