Worldcoin begins unlocking 1.35 billion WLD tokens, with daily releases affecting market dynamics amid price resistance.
Worldcoin has seen a notable price movement recently, surpassing expectations after a period of inactivity. On July 24, a significant milestone was reached as the network began unlocking tokens for the Tools for Humanity (TFH) team. This event marks the start of daily token releases, with 2 million WLD tokens, valued at over $4 million, being unlocked each day. This process will continue until the entire allocation is released by July 2028.
This gradual release is part of a broader token distribution strategy that also includes allocations for early investors and TFH team members. The ongoing community unlock, which started last year with 12.5 million WLD tokens, is set to continue until 2026. During this period, 3.20 million WLD tokens worth approximately $6.92 million will be unlocked daily.
Despite the influx of new tokens into circulation, Worldcoin's price has struggled to break above a critical downtrend line that has capped its price for nearly three months. Currently, Worldcoin is trading at $2.16, having failed to surpass the $3.00 resistance level. This downtrend line, which has been a significant barrier since May, coincides with the $3.00 resistance.
A successful breakout above this level could potentially lead to a rise to $3.50, which is a crucial threshold for Worldcoin's further appreciation. However, the altcoin faces the possibility of consolidating between $3.00 and $4.50, the next major resistance level. Failure to break through this range could result in prolonged consolidation for Worldcoin. $CTXC