Crypto Alpha: $W Wormhole Trade & Revenue-Alt Rotation
Traders are flagging Wormhole ($W) at $0.028 as a high-conviction spot/low-leverage accumulation target, while the broader narrative is shifting toward revenue-generating altcoins as the new focal point of the market.
What we know
An account on X disclosed accumulating $W at $0.028 across five venues (Binance, Bybit, Uniswap, Upbit, Coinbase), calling it 'top 1 RWA dominance infra' and targeting a $0.10–$0.50 range this quarter. Another account on X echoed the thesis by contrasting $W (160M MC) against the crowded $STRK trade (900M MC). Separately, another account on X noted markets are 'finally focusing on revenue alts,' a theme corroborated by another account on X at TOKEN2049 Singapore where 'real revenue' was flagged as a central theme. Another account on X adds that BTC shorts are building while Machi is degen long ETH.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.