PANews reported on February 4th that, according to on-chain analyst Ai Yi, addresses 0xF78…04d25 and 0x5F4…17f86 appear to belong to the same person. Their most recent ETH purchase was in February 2024, at a cost of approximately $2631.88. However, just 7 hours ago, they suddenly purchased 4020.61 ETH (worth $8.74 million) on-chain at an average price of $2174. They currently hold a total of 5122 ETH, with an average cost of $2269, roughly in line with the current price.



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