Web3 Spotlight: Major Wormhole (W) Token Unlock Set to Increase Circulating Supply by Over 30%

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W
W
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The cross-chain bridge protocol Wormhole (W) is approaching a significant token unlock event. According to on-chain data, the project will unlock a substantial batch of tokens on August 3 at 19:30 (UTC+8), totaling 600 million W tokens. At current market prices, the unlocked tokens are valued at approximately $174 million, representing 33.33% of the current circulating supply of W tokens. This unlock is expected to have a notable impact on the price and market liquidity of W tokens, and investors should closely monitor developments.

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24-Hour High
$0.009921
24-Hour Volume
$122.85K
All-Time High
$1.79
All-Time Low
$0.008483
Market Cap / FDV
61.71%
FDV
$94.90M
24-Hour Low
$0.009346
Market Cap
$94.90M
Circulating Supply
6.17B W
Total Supply
10.00B W
Max Supply
10.00B W
Market Sentiment
Positive
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