PANews reported on July 21 that according to Lookonchain monitoring, the total profit of the whale 0x4a20 on Hyperliquid reached 73.66 million US dollars. The current long positions are: ETH (25x leverage), BTC (40x leverage), HYPE (10x leverage) and PEPE (10x leverage), all of which use the highest leverage configuration. Total position size: 121 million US dollars. Unrealized profit: 1.14 million US dollars



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