$W has risen more than 60% in the past 24 hours, with the price now at $0.0276. It hit an intraday high of $0.0294, and 24-hour trading volume exceeded $31 million, putting it second on the 24-hour gainers list.
Beyond the price action, the on-chain activity is even more noteworthy. A few buys across three addresses have generated a combined $2.65 million in unrealized profits.
One address made its first purchase in late September, investing around $200,000, then added another $180,000 on October 10. Its holdings grew to 63.41 million tokens, at an average cost of $0.0145. When the price surged to its peak, the address sold 3.27 million tokens within an hour, pocketing more than $40,000, and canceled all its remaining limit orders.
The other two addresses have lower cost bases. One holds 52.03 million tokens and the other 50 million, with unrealized profits of more than $800,000 each.
$W has a circulating market cap of about $450 million and a total supply of 10 billion. Its all-time high was $1.60. This rally has drawn funds back into the long-established cross-chain infrastructure sector, with the token up nearly 100% over the past 30 days.
Beyond the price action, the on-chain activity is even more noteworthy. A few buys across three addresses have generated a combined $2.65 million in unrealized profits.
One address made its first purchase in late September, investing around $200,000, then added another $180,000 on October 10. Its holdings grew to 63.41 million tokens, at an average cost of $0.0145. When the price surged to its peak, the address sold 3.27 million tokens within an hour, pocketing more than $40,000, and canceled all its remaining limit orders.
The other two addresses have lower cost bases. One holds 52.03 million tokens and the other 50 million, with unrealized profits of more than $800,000 each.
$W has a circulating market cap of about $450 million and a total supply of 10 billion. Its all-time high was $1.60. This rally has drawn funds back into the long-established cross-chain infrastructure sector, with the token up nearly 100% over the past 30 days.