The tokenomics design of the WLD project seems to have never considered how to support the price. The unlimited unlocking setup is essentially equivalent to daily dumping—three times a day, rain or shine.

Let me share a real case. An investor entered the spot market at a price of 3.8, with a sizable position. At that time, some analysts were bearish and advised to cut losses and open short positions, citing long-term inflation pressures that couldn't be alleviated. Following the advice, the 1.5 million account eventually cut out at 1.6, losing half of its value. During this period, WLD indeed surged to 2.2, with a market cap even reaching the 11-figure mark, but that rebound didn't give holders a chance to exit.

Why? Ultimately, it's due to supply-side pressure. The rhythm of unlocking three times a day suppresses any rebound in its infancy. Even short-term emotional boosts are hard to counteract against ongoing inflation expectations. It's like rowing against the current—you work hard, but the water keeps pushing downstream.

From this perspective, whether WLD can regain its previous high depends not on market sentiment but on whether the project team has the courage to reform the token release mechanism. Until then, investors need to rationally assess this structural pressure.