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Wormhole (W) token drops 5.84% amid heavy futures trading volume

Market News
19 Oct 2026
Tokenpost
View Source
Bearish
Wormhole (W) token drops 5.84% amid heavy futures trading volume

The Wormhole (W) token fell 5.84% to $0.012973 as of early Oct. 19, with futures trading volume reaching $50.09 million, about 7.7 times higher than spot trading volume of $6.54 million. This large futures-to-spot volume ratio indicates heavier futures activity but does not clarify whether traders were bullish or bearish. W is Wormhole's native multichain token used for governance, staking, and ecosystem growth, with a maximum supply of 10 billion tokens. The current data shows a price decline and volume imbalance but does not indicate a market recovery or shift toward spot trading yet.

Wormhole (W) is trading at Rp232 on Pluang, down 3.29% over the past day, with a market cap of Rp1.55 trillion. The platform shows a 60% sell order activity and a typical hold time of 55 days. These figures provide a snapshot of current investor sentiment as of Oct 19, 2026, 14:02 WIB.

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