PANews reported on July 22 that according to monitoring by on-chain analyst Ember, a giant whale received 7,487 ETH (worth US$28.15 million) from Cumberland 4 hours ago, and then pledged ETH to borrow 7.5 million USDT from Aave and continued to purchase 1,989 ETH.
Through leveraged operations, the whale has purchased a total of 32,953 ETH (worth US$117 million) in the past five days, with an average price of US$3,552: 11,003 ETH (worth US$40.53 million) were received from Cumberland, and another 21,950 ETH were purchased through on-chain expenditures of US$76.54 million.
The whale currently holds a total of 56,000 ETH (worth US$211 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