Worldcoin – Examining the impact of latest token unlocks on WLD’s price action – BitRss

• WLD’s long/short ratio stood at 1.03, indicating strong bullish sentiment among traders.
• WLD could soar by 60% to hit the $4.22 level if it closes a daily candle above the $2.70-level

WLD, the native token of Worldcoin, appeared poised for a price decline due to its upcoming token unlock at press time, with the same scheduled for between 05 January and 12 January. In fact, recently, a blockchain-focused social media platform made a post on X (formerly Twitter) stating that Worldcoin is set to unlock a significant 37.23 million WLD tokens, worth nearly $90.09 million.

Will WLD’s price fall?

This unlock creates selling pressure due to the amount of circulating supply it will release. Data revealed that these substantial tokens account for nearly 4.5% of the total circulating supply. Based on historical data, such token unlocks have historically led to selling pressure and bouts of price depreciation.

WLD’s current price momentum