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Worldcoin’s WLD token on Wednesday experienced a sharp 40% increase following the announcement of an extended lockup period for investors and team members.
At the time of writing, the Worldcoin price has reached $3.13—marking a staggering 45% climb since this time yesterday, according to Coingecko data. This is the highest price WLD has seen since in a month.
Tools for Humanity (TFH), a key player in the initial development of Worldcoin, revealed that the unlock schedule for 80% of WLD tokens allocated to its investors and team members would be extended from three to five years.
“These tokens were locked to allow the protocol to mature before these groups would be able to access their token allocation(s),” the company wrote in a press release.
As of now, the extension affects approximately 2 million WLD tokens held by TFH investors and team members, reducing the daily unlock rate by about 40% from the original 3.3 million WLD per day.
In its recent press release, the foundation highlighted that the TFH and that the original.
“These tokens were locked to allow the protocol to mature before these groups would be able to access their token allocation s