Worldcoin (WLD) Emerges as a Standout Performer in the Cryptocurrency Market

Worldcoin (WLD) has emerged as a standout performer in the cryptocurrency market, ranking among the top gainers among the top 100 cryptocurrency on CoinMarketCap.

Worldcoin (WLD) has emerged as a standout performer in the crypto market, ranking among the top gainers within the top 100 cryptocurrencies on CoinMarketCap.

According to the latest update, WLD has surged by 39.89% in the past 24 hours, trading at a price of $3.10 with a daily trading volume of $937.77 million. The token has shown a bullish trend over the past seven days, surging by over 60%.

Extended Lockup Period Pushes Worldcoin to Surprising Heights with Bullish Predictions

This massive surge comes following an announcement regarding an extension in the lockup period for investors and team members. Tools for Humanity (TFH) announced that the unlock period will be extended from three to five years for approximately 80% of TFH investors and WLD tokens held by team members.

Earlier, it was reported that WLD was set to become the token with the highest unlock value in July, at $628.17 million. Noting this bullish踽 surge, popular on-chain analyst Ali Martinez also predicted this bullish rise after spotting a buy signal from the TD Sequential indicator during his analysis.

Holders of World ID have already claimed around 211 million WLD tokens, which is over 77% of the 275 million WLD tokens currently in circulation. Notably, WLD grants for holders of valid World IDs are not affected by this change.

Interestingly, as the Worldcoin team gears up for the crucial token unlock event, crypto sleuth ZachXBT has highlighted concerns regarding insider trading and activities.

Based on research by top trader Bybit DefiSquared, ZachXBT’s report in a thread of tweets alleges that Worldcoin might be partaking in an insider unlock despite having only 2.7% of the circulating supply.

Dropping my most extensive research piece on Worldcoin to date. With insider unlocks just 8 days away, I encourage you all to give it a read and stay informed. https://t.co/5668JzlnUc

— DeFi^2 (@DefiSquared) July 17, 2024

The report further details how the Worldcoin team meticulously manipulated the price to maintain a fully diluted valuation (FDV) of $30 billion while falsely claiming that there was no price manipulation.

Moreover, CNF recently reported that the Worldcoin Foundation has extended the redemption period for WLD grant reservations by one year, to July 31, 2025. This adjustment aims to enhance the distribution of the Worldcoin project by providing individuals with additional time to validate their World ID.

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