Wormhole Jumps 60% in a Day as Volume Tops Market Cap by 1.6x
- —W trades at $0.0283, up 60.25% over 24 hours
- —24-hour volume of $307 million is 1.64x the $186.8 million market cap
- —ZRO gained 12%, STG 23.7% and AXL 9.7%
- —50.41 million W tokens, 0.5% of max supply, unlock on October 16
Why it matters: Volume exceeding market cap signals speculative demand, while the October 16 unlock could add volatility to a token that has already spiked.
Source: Blockmedia