Two tokens fell today. Only one order book held up 👇
→ $NEAR (a blockchain): −10%
→ $W (Wormhole's token, a cross-chain bridge): −30%
Orders within 1% of price, Mon → Tue (major centralized exchanges we checked)
🟢 NEAR: $9.08M → $8.62M (−5%)
🔴 W: $0.74M → $0.46M (−38%)
Trading in 24h
- NEAR: $1.3B
- W: $284M
NEAR fell on heavy volume, but most of its orders stayed in place. W's thin book lost more than a third.
A deep book doesn't stop a fall. It changes how far and how fast the price falls.
Price or order book: which do you check first? DYOR.
#NEAR #Wormhole #Liquidity
→ $NEAR (a blockchain): −10%
→ $W (Wormhole's token, a cross-chain bridge): −30%
Orders within 1% of price, Mon → Tue (major centralized exchanges we checked)
🟢 NEAR: $9.08M → $8.62M (−5%)
🔴 W: $0.74M → $0.46M (−38%)
Trading in 24h
- NEAR: $1.3B
- W: $284M
NEAR fell on heavy volume, but most of its orders stayed in place. W's thin book lost more than a third.
A deep book doesn't stop a fall. It changes how far and how fast the price falls.
Price or order book: which do you check first? DYOR.
#NEAR #Wormhole #Liquidity