๐ Noteworthy: Wormhole (W)'s sharp crash leaves whales hurting!
The market has just witnessed a brutal correction in W, leaving many traders with heavy losses.
*Key figures:*
๐ Current price: 0.0164 USD (down 14.3% in 24 hours)
๐ Decline: More than 40% below its short-term peak on 12/10
๐ Losses: A whale wallet on Hyperliquid is currently down nearly 900,000 USD on a 10.41 million W long position (2x leverage, entry price 0.102 USD)
*Why does this matter?*
- Selling pressure from large leveraged positions could trigger a domino effect and push the price even lower.
- The sharp volatility shows that market sentiment toward W is currently very unsettled.
- A major lesson in risk management: don't be overconfident when using leverage during volatile periods.
Do you think W will recover soon, or continue falling further? Share your thoughts below!
๐ Follow the market 24/7 โ Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en\u0026r=BOZMO8A1
#Wormhole #W #CryptoNews #Trading $HYPE
#Crypto.
The market has just witnessed a brutal correction in W, leaving many traders with heavy losses.
*Key figures:*
๐ Current price: 0.0164 USD (down 14.3% in 24 hours)
๐ Decline: More than 40% below its short-term peak on 12/10
๐ Losses: A whale wallet on Hyperliquid is currently down nearly 900,000 USD on a 10.41 million W long position (2x leverage, entry price 0.102 USD)
*Why does this matter?*
- Selling pressure from large leveraged positions could trigger a domino effect and push the price even lower.
- The sharp volatility shows that market sentiment toward W is currently very unsettled.
- A major lesson in risk management: don't be overconfident when using leverage during volatile periods.
Do you think W will recover soon, or continue falling further? Share your thoughts below!
๐ Follow the market 24/7 โ Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en\u0026r=BOZMO8A1
#Wormhole #W #CryptoNews #Trading $HYPE
#Crypto.