From TokenPost · · 40s
Wormhole (W) Drops 5.84% as Futures Volume Surges
Wormhole (W) fell 5.84% in 24 hours to $0.012973 as futures volume reached 7.7x spot trading.
In brief
Wormhole (W) fell 5.84% in 24 hours to $0.012973 as futures volume reached 7.7x spot trading. Wormhole (W) dropped 5.84% to $0.012973 after futures volume hit 7.7 times spot trading. Originally reported by TokenPost.
Wormhole (W) Price Drop
Wormhole (W) fell 5.84% in 24 hours to $0.012973 at 1:03 a.m. ET (05:03 UTC) Oct. 19.
Futures Volume Surges
Futures turnover reached $50.09 million, 7.7 times spot volume of $6.54 million.
Market Implications
The 7.7-to-1 ratio shows heavier futures trading but does not indicate bullish or bearish positions.
The bottom line
Wormhole (W) dropped 5.84% to $0.012973 after futures volume hit 7.7 times spot trading.
