(Date: Tuesday 16 July 2024, 02:06 PM GMT):
Today in the cryptocurrency market, the price of Worldcoin (WLD) surged by an impressive 24.78%, reaching $2.42. This significant jump follows a crucial announcement about the token’s lockup period.
Tools for Humanity, the organization behind Worldcoin, revealed an extension of the lockup period for early contributors. According to the Worldcoin official blog, starting July 24, 2024, the lockup period for Tools for Humanity team members and investors will be extended from the original three years to five years.
This move aims to enhance investor confidence and demonstrate long-term commitment to the project’s success. By extending the lockup period, Tools for Humanity shows its dedication to fostering a stable and sustainable growth environment for Worldcoin.
Investors responded positively to the news, leading to the sharp increase in WLD’s price.