On June 30, the WLD project announced that WLD will usher in a large amount of linear unlocking starting from July 24, with 6.62 million WLD tokens unlocked daily, equivalent to about 18 million US dollars, for 730 consecutive days. Including community unlocking, initial development team unlocking and investor unlocking.
As soon as such news came out, any experienced coin friends knew that WLD would definitely usher in a big drop. Tokens were released to the market every day, and WLD also fell from 2.7 to 1.9!
However, on July 16, the project announced that Worldcoin extended the unlocking time of 80% of WLD tokens to 5 years. The WLD tokens allocated to Worldcoin contributor Toolsfor Humanity were originally scheduled to be unlocked linearly every day starting from July 24, 2024. TFH extended the unlocking schedule of 80% of WLD held by team members and investors from 3 years to 5 years.
WLD's verified World ID holders' grants are not affected. The price instantly rose from 1.7 to 2.4, and then fell to 2.2 in the middle, and then continued to rise and now maintained at 2.8
According to coinglass data, WLD 24-hour liquidation of 6.73 million US dollars, breaking the single-day liquidation record this month, both long and short positions were not spared, and the hard-earned money of many people was played away by these two pieces of news!
The current market is volatile. Whether you are keen on Heyue or spot, you can check the introduction to find me. I am also optimistic about several potential coins and are ready to lay out.
