A whale (8PjkZ) just made an extremely aggressive move on Wormhole after analyzing on-chain metrics.
$W printed an all-time low at $0.0117 on April 14 and is now only ~10% higher, trading around $0.013.
Just 2 hours ago, the whale stepped in heavily, accumulating ~41M $W (~$543K) on Gate in a single buy.
This is a high-conviction, high-risk position:
Wormhole launched at a ~$16B FDV and has since collapsed to ~$132M — a ~99% drawdown — while still competing in the cross-chain sector.
The bet is straightforward:
the market may have already priced in extreme downside, and a move to zero is unlikely from here.
Aggressive accumulation… or early bottom signal?
WUSDT
Trvl
0.0141
+11.28%