There are three main reasons behind this drop in $WLD :
1. Around October 24, approximately 100.1 million $WLD tokens became available to trade (worth about $47–59 million)
2. Addresses associated with the project deposited 10.5 million tokens into exchanges
3. The broader market also fell
Supply is increasing while buying pressure is easing, so naturally, the price has gone down.
Large deposits to exchanges from project-associated addresses are usually interpreted as a possible sign that the tokens may be about to be sold, increasing selling pressure. They could also be for market making, providing liquidity, or covering operating expenses. But a deposit alone doesn’t mean an immediate sale—it just makes the market more sensitive.
An unlock window, token transfers by the project team, and a weakening broader market—all happening together—make the reason for the decline pretty clear.
1. Around October 24, approximately 100.1 million $WLD tokens became available to trade (worth about $47–59 million)
2. Addresses associated with the project deposited 10.5 million tokens into exchanges
3. The broader market also fell
Supply is increasing while buying pressure is easing, so naturally, the price has gone down.
Large deposits to exchanges from project-associated addresses are usually interpreted as a possible sign that the tokens may be about to be sold, increasing selling pressure. They could also be for market making, providing liquidity, or covering operating expenses. But a deposit alone doesn’t mean an immediate sale—it just makes the market more sensitive.
An unlock window, token transfers by the project team, and a weakening broader market—all happening together—make the reason for the decline pretty clear.
