PANews reported on December 19th that, according to on-chain analyst Yu Jin, the "whale who shorted ASTER after CZ posted his holdings" was only $28 away from liquidation on his ETH long position. The subsequent ETH rebound allowed him to recover from a $44 million unrealized loss. However, because he didn't close his position but instead added to it, as ETH fell back to $2800, he is now very close to his liquidation price again, only $100 away.
He currently holds long positions worth $237 million, with a paper loss of $40.3 million.


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