Today, let's take a look at the huge selling pressure of WLD. How should we choose to stay or go if we hold spot goods?

First of all, Worldcoin (WLD) is an open source protocol designed to help everyone participate in the global economy. It consists of World ID (a privacy-protecting digital identity), Worldcoin token (a token distributed to people for free worldwide) and World App (a fully self-hosted application that supports global payments, purchases and transfers). WLD is a native utility token with governance attributes.

History of WLD coin price development

On July 24, 2023, it was launched on the exchange, with a maximum of 5.29 wash to 0.97, which was nearly 4-5 times the wash. Basically, most people can't stand it.

On September 12, 2023, it hit a new low of 0.97 and began to rise to March 9, 2024. It took 177 days to increase by more than 12 times, and the highest coin price was 11.9wldd

From the above coin price development, WLD's market makers are still very strong, the wash is fierce enough, and the pull is fierce enough. Next, let's take a look at the basic situation of its coin price.

Total volume is 10 billion, currently 258 million in circulation. After July 24, 20 million worth of WLD will be released every day. Currently, Binance's 24-hour trading volume is 59 million. Can the market take up the huge selling pressure? In fact, unlocking seems to be bad news, and it may become an opportunity for project parties and market makers to ship goods. Often, unlocking will first pull up and then ship goods. If it keeps falling and shipping, it is definitely not what the dealer wants to see. The smartest way to ship is to pull and sell at the same time.

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