Wormhole (W) drops 10% amid whale selling, but signs of a possible rebound emerge.

Wormhole (W) has fallen about 10% recently, driven mainly by large investors (whales) selling on OKX, while Binance whales are accumulating. The Funding Rate shows reduced bearish pressure, improving from -0.0484% to -0.0083%, indicating a gradual build-up of bullish sentiment. Liquidity analysis suggests the recent drop may have been a stop-hunt, with potential for a rebound if bullish momentum strengthens. However, sustained recovery depends on increased market buying interest.

As of Oct 19, 2026 12:21 WIB, Wormhole (W) trades at Rp233 on Pluang, down 4.99% in the past day. The market cap stands at Rp1,55 trillion with a 24-hour trading volume of Rp1,54 trillion. Pluang order activity shows a majority of 60% Sell orders versus 40% Buy, while typical hold time is 55 days, highlighting cautious investor behavior amid recent volatility.