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Wormhole token surges 66%, large trader profits $937K on leveraged long position

Market News
11 Oct 2026
Tokenpost
View Source
Bullish
Wormhole token surges 66%, large trader profits $937K on leveraged long position

A large trader held a leveraged long position in Wormhole (W) tokens worth about $1.86 million after the token's price jumped 66.3% in 24 hours. The trader initially invested around $201,300 on Sept. 29 and added more tokens on Oct. 10, holding 63.41 million W with 5x leverage at an average price of $0.014509. The position gained roughly $937,000 in unrealized profit, a 509% return, before the trader began taking profits by selling 3.27 million tokens. Two other traders also hold significant long positions, with combined unrealized gains of about $2.65 million, highlighting strong bullish interest in W tokens.

Wormhole (W) surged by 64.79% on Pluang as of Oct 12, 2026 11:02 WIB, trading at Rp502 with a market cap of Rp3.42 trillion. This strong price movement aligns with the news of a large trader holding a $1.86 million leveraged long position after a 66.3% jump. Despite the recent rally, Pluang order activity shows a balanced sentiment with 55% Sell and 45% Buy, and typical hold time on the platform is 56 days.

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