PANews reported on August 18th that according to Ember's monitoring, a whale continued to increase its long position in ETH after closing its position at a loss of $6.59 million. The address currently holds a long position of 23,373 ETH, with an opening price of $4,238 and a liquidation price of $3,906. Previously, the whale closed its long position of 21,683 ETH at $4,311 at 1:30 PM, resulting in a loss of $6.59 million. It then reopened its long position of 15,353 ETH at $4,236 at 3 PM, bringing its total position value to approximately $100 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