Worldcoin (WLD) stepped on the gas: Will the rise continue?

Worldcoin faced allegations of fraud after the project delayed unlocking 80 percent of its native token.

On July 16, Worldcoin developer Tools for Humanity (TFH) announced changes to its token unlock program. The organization has extended the unlock program for 80 percent of #Worldcoin (WLD) tokens held by its investors and team members.

The tokens were originally planned to be unlocked within three years. But the new update extends the unlock period to more than five years, as of July 24. However, WLD tokens will be unlocked gradually over the next four years, ending in July 2028.

With the extension, fewer tokens will be released to the market, preventing the price from falling significantly due to inflation.

A day after the announcement, the WLD price jumped 68 percent in just two days, according to crypto data tracker CoinGecko. WLD rose from $1.90 on July 15 to $2.81 on July 16. Worldcoin price hit $3.20 before falling to $3.11 on July 17.