Altcoin Selling Pressure Looms as $500M in Token Unlocks Scheduled This Week

The 37 million WLD emission, representing the rate at which new tokens are created over time, will increase the token supply by 7%. The tokens will be distributed to team members, advisors, and investors. Initially, these early contributors’ WLD tokens were intended to be subject to a three-year lock-up schedule, which was extended to a five-year schedule in July.

Source: https://www.coindesk.com/markets/2024/10/14/altcoin-selling-pressure-looms-as-500m-in-token-unlocks-scheduled-this-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines