Worldcoin initiated yet another token unlock earlier in the week, an episode that often prompts significant market reactions...
initiated yet another token unlock earlier in the week, an episode that often prompts significant market reactions. However, the altcoin’s price response was tepid. In fact, despite the token unlock, its price movement was not significant enough to shift overall trader sentiment positively.
Under the new arrangement, the unlocking of these tokens will occur gradually across four years, concluding by the end of July 2028. This extended schedule is likely aimed at managing market supply and stabilizing the token’s price by avoiding a sudden influx of a large volume of tokens into the market.Initially, the token was on a downtrend for more than seven days. However, on 24 July, coinciding with the start of the token unlock event, Worldcoin saw a modest hike of 1.
Despite these fluctuations, a significant positive shift occurred on 26 July. According to AMBCrypto’s analysis, WLD’s price jumped by 11.74%, reaching the $2.3 level. This uptrend continued slightly, bringing the price to about $2.4, with an additional increase of over 1%.Technical analysis further highlighted that its short-term moving average still posed as an immediate resistance at approximately $2.7 to $3.
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