The post Smart Traders Capitalize On $WLD News Amid Unlocking Schedule Change appeared on BitcoinEthereumNews.com.

On July 16th, Worldcoin ($WLD) announced a pivotal change to its unlocking schedule for investors and team members, extending it from three years to five years. This adjustment means that starting July 24th, only 2 million $WLD will be unlocked daily, compared to the previous 3.3 million. This news sparked a 34% increase in $WLD’s price, surging from $2.15 to $2.87. Worldcoin soared 40% yesterday to $3.09 and an $850M mc 📈 After the team shared that it will extend the unlock period for 80% of the team tokens by 3-5 years. The WLD fdv is now over $30B after this pump. pic.twitter.com/qCtZIcsdh5 — TylerD 🧙‍♂️ (@Tyler_Did_It) July 17, 2024 iCrypto reported a notable return of smart traders to the $WLD market since June 29th. The highest buying volume was recorded from wallet 0x205ddf, which purchased $98.86K worth of $WLD at an average price of $2.45, now holding $14.09K in unrealized profits. $WLD – Smart DEX Traders Bought on the News ✔️ On July 16th, @worldcoin announced that the Unlocking Schedule for Investors and team members will be extended from 3 years to 5 years. This means that from July 24th, 2M $WLD will be unlocked every day instead of the previous 3.3M… pic.twitter.com/46oBYkkImD — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 17, 2024 $WLD Price Pump, Announcement And Criticisms  Following this price pump, $WLD’s fully diluted valuation (FDV) has soared to over $30 billion, indicating a significant boost in market confidence. However, the circulating supply remains only 2.7% of the total supply, a rarity in the crypto world for a project of this scale. The announcement, while beneficial for the price, has not been without criticism. ZachXBT, a notable figure in the crypto community, accused the Worldcoin team of using the “technology” label to manipulate the community. At…

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Filed under: News - @ July 18, 2024 10:28 am