PANews reported on July 21 that according to monitoring by on-chain analyst @ai_9684xtpa, a certain whale swapped WBTC for ETH in May and swapped it back to WBTC today, making a net profit of 11 BTC (about 1.364 million US dollars) in two months.
The ETH price rose by 48.7% (from $2,527 to $3,759) and the final exchanged WBTC was 11.64 more than the initial amount. The analyst said that this operation requires "accurate trend judgment + firm determination to hold positions", which is difficult for ordinary investors to replicate.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more