On June 30, the WLD project announced that WLD will usher in a large amount of linear unlocking starting from July 24, unlocking 6.62 million WLD tokens per day, equivalent to about 18 million US dollars, for 730 consecutive days. This includes community unlocking, initial development team unlocking, and investor unlocking. As soon as this news came out, any experienced coin friends knew that WLD would definitely fall sharply. Tokens were released to the market every day, and WLD 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 Tools for Humanity were originally scheduled to be unlocked daily in a linear manner starting on 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 rose as news came out one after another
The news quickly caused a strong reaction in the cryptocurrency market, and the value of Worldcoin's WLD token rose by more than 30% to $2.77 at the time of the announcement. Despite the current challenges facing the cryptocurrency market, such as the aftermath of the German government's sell-off and the huge Bitcoin liquidation of Mt. Gox, the extension of the Worldcoin token unlocking period has injected a shot in the arm for the market, showing investors' confidence in the long-term potential of the project.
But Xiao Miao personally feels that it is extremely risky to play with such an erratic project party. Generally speaking, I would not consider getting involved, as I would be trapped.
WLD’s recent liquidation data, you decide whether to get on board!
WLD's verified World ID holders' grants are not affected. The price instantly rose from 1.7 to 2.4, then dropped to 2.2 and continued to rise to 2.8.
According to coinglass data, WLD’s 24-hour liquidation was 6.73 million US dollars, breaking the single-day liquidation record this month. Both long and short positions were affected. How many people’s hard-earned money was lost by just two pieces of news!
Next, WLD has good news
The Worldcoin project has seen a number of positive developments
Recently, the Worldcoin project has seen a series of positive developments. Pixelverse announced that it would introduce Worldcoin's NFT series Pudgy Penguins characters into its Telegram mini-games. This collaboration not only enriched Worldcoin's ecosystem, but also increased its exposure in the crypto-game field. At the same time, the eye scanning system operated by Tools for Humanity is gradually gaining more user recognition. The growing global demand for digital identity authentication has brought a stable user base and potential growth momentum to the Worldcoin project.
Worldcoin Foundation sends positive signal
At the same time, the Worldcoin Foundation continues to send positive signals to stakeholders. They reaffirmed their commitment to verified World ID holders and ensured the stability and continuity of the WLD token grant program. To date, more than 211 million WLD tokens have been successfully distributed to World ID holders. This large user base has laid a solid foundation for the continued development of the Worldcoin ecosystem.
Community Reserve Pool Provides Financial Support for Worldcoin
In addition, the 7.22 billion WLD tokens in the community reserve pool serve as a "safety cushion" for the project, providing sufficient financial support for the future development of Worldcoin. With the official launch of the unlocking process next week, these tokens will gradually enter the circulation field, which is expected to further stimulate market vitality and promote the prosperity and growth of the Worldcoin ecosystem. Extending the unlocking schedule will not only help ease market supply pressure, but also create a more stable and sustainable development environment for Worldcoin.
The choice is yours. To sum up, do you think it still has room for trust?
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
