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WLFI's initial circulating supply on CoinMarketCap is shown as 27.3 billion tokens, significantly higher than the estimated 5 billion circulating tokens.
BlockBeats News, September 1st, according to on-chain analyst Ai Auntie (@ai_9684xtpa), CoinMarketCap's data shows that the verified initial circulating supply of WLFI TGE is 27.3 billion tokens. This number is much higher than the previously estimated theoretical circulation of 5 billion tokens. Based on the current contract price of $0.3599, the opening sell pressure would be $9.83 billion.
Ai Auntie stated that CoinMarketCap's algorithm calculates by subtracting the team/advisor/partner/Lockbox tokens from the total token supply, meaning that all strategic round tokens are considered circulating, which seems to be inaccurate. CoinMarketCap has not yet responded to this issue.
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