# wormhole

28.02K

Wormhole just unlocked 1.28 billion W tokens today
That is 22.8% of the entire circulating supply added in a single day.
To put that in perspective, the current market cap of W sits around $78.8 million. The tokens hitting circulation today come from team, private round investors, ecosystem allocation, and treasury. These are not retail wallets. These are people who got in early, and they now have fresh supply they can move.
The price coming into this unlock was already sitting at roughly $0.014, down from higher levels earlier this year. When a token is already under pressure and a supply sho

W-2,61%

1 Likes

Reward
1
1
Repost
Share

ybaser

To The Moon 🌕

GateUser-41399382

12h ago

Wormhole just unlocked 1.28 billion W tokens today
That’s 22.8% of the total circulating supply added in one day.
To get a clearer picture, the current market capitalization of W is approximately $78.8 million. The tokens released today come from the team, private investors, ecosystem allocations, and the treasury. This is not retail wallets. These are early participants who now have new supply to move.
The price before the unlock was around $0.014, down from a higher point earlier this year. When a token is under pressure and such a large supply shock occurs, the calculations are not fr

W-2,61%

View Original