Wormhole’s Coinbase Listing Fails to Ignite Bullish Momentum Amid Bearish Trends

Despite its upcoming listing on Coinbase as an SPL token on Solana, Wormhole (W) continues to face significant bearish signals. The token has seen a staggering 77.6% year-to-date decline, recently hitting an all-time low of $0.051, reflecting widespread investor apathy. Even strategic partnerships, such as the one with Ripple Labs to enhance XRP Ledger interoperability, have failed to reverse the downtrend. This article delves into the challenges Wormhole faces as it steps into the spotlight with its Coinbase debut.

Wormhole Faces Bearish Signals Ahead of Coinbase Listing Despite Strategic Partnerships

Wormhole (W) exhibits concerning technical patterns as it approaches its July 2 listing on Coinbase as an SPL token on Solana. While exchange listings typically spur bullish momentum, W's 77.6% year-to-date decline and recent all-time low of $0.051 reveal stark investor apathy.

The token's recent partnership with Ripple Labs to enhance XRP Ledger interoperability has failed to shift market sentiment. Whale dominance compounds the risk—88% of circulating supply sits in few addresses, while 92% of holders nurse losses. Such concentration invites volatility as Coinbase's liquidity injection looms.

Cardano’s Confidence Crisis: Will ADA Price Slip Below $0.52?

Cardano closed June 2025 with a 16% decline, defying positive ecosystem developments such as the cbETH cross-chain bridge launch and ADA’s integration into Coinbase’s Base L2. Investor sentiment waned as $182 million flowed out, leaving only 46% of holders in profit. Grayscale’s proposed U.S. Cardano ETF could reverse the trend by attracting institutional interest.

On-chain metrics reveal a sharp drop in active addresses, from 24,000 to under 18,000 by June 21, signaling dwindling retail engagement. Despite network upgrades, user participation failed to rebound, exacerbating the price downturn. ADA traded at $0.5590, down 1.02% on the day.

Coinbase Acquires Liquifi in Fourth Major Deal of 2025

Coinbase has acquired token management platform Liquifi, marking its fourth acquisition this year. The deal underscores the exchange's aggressive expansion strategy, following purchases of Spindl, Iron Fish, and a $2.9 billion Deribit takeover in May.

Liquifi's infrastructure for managing token ownership and vesting schedules serves major crypto projects like Uniswap Foundation and OP Labs. Coinbase aims to simplify token creation for mainstream adoption, with COIN shares rising 2% in pre-market trading after the announcement.

The acquisition reflects growing institutional consolidation in crypto, as established players build end-to-end ecosystems. Coinbase's corporate development team emphasizes this MOVE as foundational for supporting the full lifecycle of digital assets.

Coinbase Acquires Token Management Platform LiquiFi to Expand On-Chain Services

Coinbase continues its aggressive expansion strategy with the acquisition of LiquiFi, a token management platform specializing in early-stage crypto projects. The deal, executed for an undisclosed sum, marks Coinbase's fifth major acquisition this year following purchases including Deribit, Spindl, and Roam.

LiquiFi's existing client base features prominent Web3 entities like the Uniswap Foundation and OP Labs. The platform addresses critical pain points for crypto-native organizations—navigating complex legal, tax, and compliance requirements while managing token distributions. This acquisition aligns with Coinbase's stated objective to simplify on-chain infrastructure development.

The move underscores Coinbase's pivot toward becoming an institutional-grade crypto services provider beyond its exchange roots. LiquiFi's 2022 $5 million funding round included participation from notable figures like former Coinbase CTO Balaji Srinivasan and investor Anthony Pompliano.