u.today
The price of Worldcoin ($WLD) has witnessed a meteoric rise today, creating notable buzz on the broader crypto market. The coin has skyrocketed 44.31% to $3.14 in the last 24 hours. This huge price jump makes $WLD one of the best-performing assets in recent times.
In addition, the trading activity of $WLD is also seeing a major rise. Its 24-hour trading volume has soared 161.16%. Currently at the $888 million level, the increasing volume shows that traders are coming to the Worldcoin market and showing significant interest.
Amid this $WLD price surge, its market cap has also been going through the roof. As of now, it has surged around 47.39% to $886 million. This makes Worldcoin the 82th largest crypto on the market in terms of market cap. Overall, these are major bullish signals for the coin.
Why is $WLD price rallying?
The Worldcoin price is surging today after a major announcement from the project’s team. They have recently announced that the $WLD token unlock is going to kick off on July 24. Notably, this token unlock is for $WLD investors as well as official team members of the Tools for Humanity (TFH) project.
This $WLD unlock is scheduled for 80% of the holdings of the team members of the TFH project. The Worldcoin team further revealed that they are extending the unlock from three years to five years. A unique aspect of this unlock is that most of the $WLD tokens are expected to be distributed to people for being unique in nature, as revealed by the team.
Worldcoin is a leading human-verification crypto-based initiative. It was cofounded by Open AI CEO Sam Altman, with the goal of creating a global economy for everyone, regardless of their nationality or other status. With many aspirations in mind, the $WLD team has remained focused on development. Consequently, $WLD token is also gaining prominence in the industry.