My assumption on why $WLD dropped this much.

it goes up because of Ai hype and only 110 Million tokens were in circulation and it's going down because 90% supply is locked and it will keep coming in the market by time.

The total supply of WLD is 10 Billion and the circulating supply is now 273 million .

Looking at the chart it looks more like the team is unlocking the tokens and dumping on the market as there is so much supply yet to be unlocked.