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

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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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24hour-high
$0.04078
24hour-volume
$907.44K
alltime-high
$1.79
alltime-low
$0.02301
market-cap--f
51.87%
fdv
$374.80M
24hour-low
$0.03725
market-cap
$374.80M
circulating-s
5.18B W
total-supply
10.00B W
max-supply
10.00B W
market-sentim
positive
activity-cent
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