WazirX (WRX) has seen a significant price drop, losing 14.96% in the last day, related to a recent revote on the scheme of arrangement. The verification results are forthcoming.
Current WRX Situation
As of now, WazirX (WRX) is priced at $0.07386, with a market cap of $28.2 million and an unlocked market cap of $72.66 million. Trading volume has decreased by 51.38%, amounting to $124,910.
Voting Process and Results
On August 7, WazirX shared information about the voting process on X, thanking participants. The post stated: "Voting is complete, and we thank all who participated." All votes will now be reviewed by Independent Assessors Joshua Taylor and Henry Anthony Chambers of Alvarez & Marsal Pte Ltd.
Market Impact of Results
Analysts attribute WRX's recent price drop to the uncertainty surrounding the revote. The verification results, expected to be announced on August 18, are likely to influence market sentiment and the trading of WRX.
Thus, the next few days will be critical for WazirX, as the verification results could have a significant impact on prices and overall market conditions.
