Wormhole ($W) Prepares For Major Token Unlock
Today, Wormhole ($W) is set to unlock approximately 33.3% of its circulating supply, which amounts to about 600 million $W tokens. This will increase the total circulating supply to 25.78%. Here’s what to expect with this significant $W unlock Token Unlocks: The upcoming unlock stems from the community allocation. Initially, 11% of the tokens were unlocked during the airdrop at the Token Generation Event (TGE). Now, an additional 6% will be unlocked, fully completing the community allocation. Price vs. Unlock Impact: The Wormhole Foundation will hold the 600 million $W tokens in trust, intending to use them for future community-related projects. This approach likely means there won’t be any immediate selling pressure from this unlock, which is positive news for $W holders. https://twitter.com/Token_Unlocks/status/1819236571415302402?t=6OZ7l9PmQJ7rtuDW2HzljQ&s=19 FDV & Market Cap Comparison with Related Projects: | LayerZero | Axelar | Wormhole | |-----------|--------|----------| | […]