57 million tokens have been massively destroyed, and WBS enters a new valuation range.

CN
6 hours ago

This large-scale destruction is one of the key nodes that can significantly change the medium to long-term expectations for WBS.

Today, Websea announced the completion of the destruction of 57 million WBS. This action quickly became the focus of the industry, with the price of WBS rapidly increasing, rising over 15% in a short period, and performing remarkably in a relatively sluggish market environment. It has also refocused the market's attention on the long-term value logic of exchange platform tokens.

Like most platform tokens, the price of WBS has never climbed linearly but has shown a "stair-step" structural upward trend—initial accumulation and steady construction, followed by an accelerated jump after key events occur. This concentrated destruction is indeed one of the key nodes that can change the medium to long-term expectations for WBS. This is the first structural adjustment to the token model after the platform introduced traditional capital from Hony Capital, which is seen as an important move by Websea to advance the long-term ecological construction of the platform.

WBS's massive destruction triggers market repricing

According to official disclosed data, the 57 million WBS destroyed in this round came from released portions of locked contracts related to ecological construction, team holdings, foundations, and strategic investments. Notably, Websea chose to completely destroy all released portions from the locked contracts, effectively removing half of the overall locked proportion of 38% from the supply system. This action has made the token structure lighter and significantly reduced circulation pressure.

As of now, WBS has cumulatively destroyed 132.7 million tokens, further increasing its proportion of the total supply. With the continuous contraction on the supply side, the market generally believes that the long-term scarcity of WBS will be significantly enhanced, and its price model will be more supportive.

Websea previously announced that the platform's ecological plan will enter a full acceleration phase in 2026. The entry of Hony Capital not only brings governance experience from traditional capital but also strengthens Websea's ability to promote the "platform growth—ecological feedback—token value enhancement" closed loop. This round of token destruction is an important step completed in this context.

It is worth noting that these 57 million WBS are not symbolic destructions but come from actual circulating chips released from on-chain locked contracts, and their scale accounts for a considerable proportion of the overall on-chain lockup. The real, verifiable, and direct reduction of potential selling pressure has led to a significant change in the market's perception of the future supply structure.

In the economic model of platform tokens, "changes in the supply curve" often have a greater impact on long-term trends than short-term trading behavior. This acceleration of deflation has made the total contraction path of WBS clearer, and expectations of scarcity have been further strengthened.

The value foundation of WBS comes from long-term construction, not one-off actions

From an industry perspective, proactive, large-scale, and traceable token destruction is often seen as a clear expression of the platform's long-term value. This not only means that the platform reduces potential selling pressure but also indicates sufficient confidence in future ecological growth, while being willing to transfer more value to token holders.

The WBS community generally believes that this destruction will significantly enhance the token's scarcity and improve future market expectations. More importantly, after the strategic investment from Hony Capital is realized, Websea is expected to further expand its global layout and accelerate the promotion of innovative applications in trading, asset management, social finance, etc., allowing WBS to play a more critical role in a larger ecological system. For WBS holders, this destruction is not an endpoint but more like the starting point of a value reassessment cycle.

After this massive destruction, the upward potential of WBS no longer depends on market sentiment but is supported by three major consensus points: the platform construction has entered a mature phase; ecological demand is accelerating; and the deflation path of WBS has become predictable. This allows the market to re-establish its imagination regarding its long-term value. The value of WBS does not appear suddenly but enters a moment of being "seen" by the market after a long construction cycle.

Supply contraction and ecological expansion, WBS steps into a new era of value symbiosis

The outside world is not only focused on this destruction action; behind it is Websea's two years of cultivation and layout, the leap from an exchange to an ecological body, and the re-drawing of the value map of WBS:

  • Continuous promotion of compliance processes

  • Improvement of product matrix (capital protection copy trading, contract insurance, profit-sharing fund, gaming ecology, etc.)

  • Expansion into overseas markets and user growth

  • Development momentum brought by strategic capital entry

From the development experience of global exchanges, when a platform completes the transformation from a "single trading platform" to an "ecological operation platform," its main token often takes on more roles. WBS is currently at a critical node in this stage: transitioning from a platform equity token to a core ecological asset. The contraction on the supply side and growth on the demand side make its long-term value framework clearer.

In summary, Websea's massive destruction is not an isolated event but a concentrated manifestation of the platform's long-term strategy at the token economic level. It has changed the supply structure, strengthened scarcity expectations, and provided the market with new imaginative space for the future growth curve of WBS.

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