Unlock 2 Million WLD Every Day Until 2028 on Worldcoin; Price Impact

The creators of Worldcoin issued a big statement just as the altcoin's price was starting to rebound, robbing investors of their lost gains.

In what ways may the unlocking of Worldcoin tokens affect the price?

After a 63% surge in June and early July, the price of Worldcoin is now trading at $2.56. While WLD has lost some ground recently, it has gained 37% in the last day.

But with the announcement of a significant token unlock in the most recent update, WLD's rebound momentum is expected to come to an end shortly. Worldcoin developers revealed in a blog post on Tuesday that investors and TfH team members would begin to unlock their WLD tokens beginning July 24.

It took a year for the Worldcoin system to mature before holders could trade the locked TFH supply, even though the token and protocol were published in July 2023.

So, this unlock will start next week, a year after the fact. Unlocking 2 million WLD, or about $5 million, every day will be part of a linear process. From now until 2024, this will be going on for the next four years.

Unlocking tokens is often seen as a negative development, which has heightened the anxiety of altcoin investors and the cryptocurrency market as a whole. At times, the demand for tokens outstrips the supply, leading to a decrease in price.

The full effect, however, won't be apparent until next week, and around the same time, Worldcoin's price will change.

Currently, WLD is trying to break over the $2.78 resistance level. Because it has already been evaluated for support, this barrier is vital to the cryptocurrency. In order to recoup 63% of the losses, a successful breach would cause the cryptocurrency value to surge to $3.0 or even higher.

However, this breach could not materialize, and Worldcoin's price might get trapped between $2.78 and $1.73, leading to consolidation, if investors flee in fear.


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