PANews reported on November 29th that, according to Lookonchain monitoring, an Ethereum OG deposited 18,000 ETH (worth $54.78 million) into Bitstamp 8 hours ago. Since 2017, this OG has accumulated 154,076 ETH (worth $79.7 million) at an average price of $517 per ETH, and subsequently sold 87,824 ETH (worth $148.8 million) at an average price of $1,694 per ETH. He currently holds 66,252 ETH (worth $201 million), accumulating a profit of approximately $270 million.



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