WLD continues to fall by nearly 80%
WLD fell 13% today due to the news of the daily unlocking, and the high point has fallen by 80%.
Unlocking mechanism impact
From July 24, 622 WLD will be unlocked every day for 730 days. Such a huge unlocking volume is unbearable for the market. This decline may exceed $AEVO. Continuous unlocking leads to negative declines, plus the current total market value of 23.6 billion, and the circulating market value is only 600 million.
At the current price, the value of the tokens unlocked every day is about 15 million US dollars, which lasts for 730 days. With such a large amount of selling, even "leek" investors dare not take over.
Investment advice In view of this, it is recommended not to touch the spot trading of this coin in the short term.
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