PANews reported on November 26 that, according to on-chain analyst @ai_9684xtpa, an "ancient whale holding 254,900 ETH ICO tokens" is suspected of selling 20,000 ETH, worth $58.14 million, at a cost as low as $0.31 after eight months.
Ten hours ago, he deposited 20,000 ETH into FalcoinX at a price of $2,906.79. The last time this whale transferred tokens to the exchange, the price was only $1,452.04.
He currently still holds 3,070 ETH on the blockchain, worth $9.07 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