Worldcoin （WLD） has surged over 10% following a major token unlock event managed by Tools for Humanity, with significant distribution to World ID holders.
Points
- WLD price surge of over 10%
- Market cap increase to $683 million
- Major token unlock event by Tools for Humanity
- Distribution to World ID holders
- Bullish momentum and future price prospects
Worldcoin （WLD） has experienced a significant price rally, surging over 10% to $2.31 within the last 24 hours. According to CoinMarketCap, the market cap of WLD has also increased by 10.56%, reaching $683 million, positioning it as the 95th largest cryptocurrency by market cap.
![Worldcoin Price Surge]（link-to-image）
This price increase follows a major development from the Worldcoin team. On July 24, the community witnessed the beginning of a significant token unlock event managed by Tools for Humanity （TFH）. According to the official announcement, a substantial portion of WLD tokens will be distributed to individuals with official World IDs, as verified unique humans by the network.
Nearly six million unique individuals have participated in the Worldcoin network through this method. The unlocking event is designed to distribute tokens daily in a linear fashion over an extended period.
Last week, TFH informed the Worldcoin Foundation that the anticipated token unlock will cover 80% of the WLD coin held by the team, extended from three years to five years to align with Worldcoin’s broader mission.
The community has celebrated this token unlock event, injecting bullish momentum into WLD’s price. The surge of over 10% today appears to be the beginning of a potential long-term upward trend for Worldcoin, driven by strong community support and systematic token distribution.
Explanation
- Token Unlock
Explanation
- Token Unlock: A scheduled event where a portion of the total supply of a cryptocurrency is released or made available for distribution. This can impact the token’s market supply and price dynamics.
- World ID: A unique identifier used within the Worldcoin network to verify the identity of users and distribute tokens accordingly.
- Bullish Momentum: A market condition where prices are expected to rise, often driven by positive news, increased buying pressure, or favorable market conditions.