Here's what happened when $W started climbing after sitting forgotten for years.
Most traders see the move and FOMO in without checking if anything actually changed. That's a fast way to buy the top of a dead narrative and watch it unwind.
Wormhole was one of the first to make cross-chain transfers practical. It opened real arbitrage opportunities between networks like $SOL and $ETH and made bridging feel simple.
Then the market filled up with competing tools and interfaces, and $W faded from view.
I still don't see a path to sustained demand after all this time. The original edge is gone. Pumps on old names like this tend to be short-lived because there's no new fundamental driver.
Anyone else treating this as a warning rather than an opportunity?
#Wormhole #DeFi #Altcoins
Most traders see the move and FOMO in without checking if anything actually changed. That's a fast way to buy the top of a dead narrative and watch it unwind.
Wormhole was one of the first to make cross-chain transfers practical. It opened real arbitrage opportunities between networks like $SOL and $ETH and made bridging feel simple.
Then the market filled up with competing tools and interfaces, and $W faded from view.
I still don't see a path to sustained demand after all this time. The original edge is gone. Pumps on old names like this tend to be short-lived because there's no new fundamental driver.
Anyone else treating this as a warning rather than an opportunity?
#Wormhole #DeFi #Altcoins