If you’re holding this token, take note: A major WBT unlock is scheduled for May 13th. WBT is the native token of Whitebit, one of Europe’s largest exchanges. On that date, 39.49 million WBT tokens—worth $1.19 billion—will be unlocked, representing 27.4% of its market cap. All of these tokens are allocated to the team and foundation. This looming unlock is likely why WBT has been underperforming, as investors remain cautious. If you’re thinking about buying $WBTC it’s wiser to wait until after the unlock before starting your dollar-cost averaging