Worldcoin has recently shown weak performance, with a single-day drop of 10%, putting the price under significant downward pressure.
The main reason behind this is that the project foundation sold 217 million WLD at a price of $0.2415 (a 36% discount), raising $52.5 million in cash. With heavy selling pressure combined with BTC weakness and rising market panic, WLD is unlikely to escape the double blow.
Current data:
Price: $0.38303
24h trading volume: $153.32 million
Market cap: $136 million
Institutional sell-offs have dealt a serious blow to market confidence. Going forward, it’s necessary to monitor how the selling pressure is absorbed. Investors should take care to manage risk.
#Worldcoin #加密货币 $WLD
The main reason behind this is that the project foundation sold 217 million WLD at a price of $0.2415 (a 36% discount), raising $52.5 million in cash. With heavy selling pressure combined with BTC weakness and rising market panic, WLD is unlikely to escape the double blow.
Current data:
Price: $0.38303
24h trading volume: $153.32 million
Market cap: $136 million
Institutional sell-offs have dealt a serious blow to market confidence. Going forward, it’s necessary to monitor how the selling pressure is absorbed. Investors should take care to manage risk.
#Worldcoin #加密货币 $WLD