WLD has experienced a continuous sharp decline, with a cumulative decline of nearly 80%. The recent news of a huge amount of unlocking has hit the market again, causing WLD to fall by 13% again today. Compared with its historical high, the overall decline has reached 80%.
Starting from July 24, 622 WLD will be unlocked every day for the next 730 days. This large-scale unlocking poses a huge challenge to the market. Whether the market can withstand such a large amount of unlocking has become the focus of attention. Some people even predict that its decline may exceed that of AEVO.
The continuous unlocking has caused the price of WLD to continue to fall. Although the total market value is as high as 23.6 billion US dollars, the circulating market value is only 600 million US dollars, showing a serious lack of market liquidity.
According to the current currency price, the value of the tokens unlocked every day is as high as 15 million US dollars, which means that during the 730-day unlocking period, the market will face huge selling pressure.
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