PANews reported on November 29th that, according to AiYi's monitoring, address 0xdfb...af239 has accumulated $7.16 million worth of ENA in the past 10 hours. Eight hours ago, 6.51 million USDC were deposited into Hyperliquid and then transferred to this address. The address began accumulating ENA in batches from 10:30 PM last night, and has currently purchased 25.26 million ENA at an average cost of approximately $0.2845. A small number of limit orders remain unfilled.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more