Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
WLD is trading at $2.457, having risen by 15% after the announcement. It is up by 26% over the past 24 hours.
Decentralized identity project Worldcoin has announced that it is extending lockups for early investors and team members, which has led to the project's native token rising 15%. This means that the vesting schedule will be more gradual until 2029 as opposed to the original plan. Token unlocks are typically seen as a bearish event, as it increases circulating supply and the potential for early investors to recoup their equity by selling in the open market.
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