Worldcoin Token Surges 33% After Tools for Humanity Extends Lock-Up Period

Jul 16, 2024, 04:00 PM

Tools for Humanity has announced an extension of the token lock-up period for early contributors and team members of the Worldcoin project. The decision has led to a significant increase in the value of Worldcoin's native token, $WLD. Reports indicate that the token surged by 33% following the announcement, with initial jumps of 20% and 15% noted earlier. The extension affects 80% of the $WLD tokens, delaying their unlock period. This move aims to stabilize the token's value and manage its distribution more effectively.