PANews reported on July 22 that according to monitoring by on-chain analyst @ai_9684xtpa, "the address that built a position of 1,074 WBTC at an average price of $10,708 four years ago" has allegedly sold 700 WBTC (worth $82.4 million) in the past three days, with an average price of $117,697.
If this part has been sold, a profit of US$74.89 million will be made; currently, the selling progress of the part established four years ago has exceeded half, and the wallet still holds 800 WBTC.



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