Wormhole Price Soars 22% as Tokenomics Upgrade Ignites Trading Frenzy
Wormhole rockets upward as revamped tokenomics send traders scrambling.
The Catalyst: Tokenomics 2.0
Wormhole's protocol upgrade overhauled its economic model—triggering a 22% price surge almost instantly. Trading volume exploded as speculators piled in, chasing the momentum.
Market Mechanics in Motion
New staking rewards and reduced inflation mechanisms flipped trader sentiment from cautious to bullish overnight. The upgrade effectively repositioned Wormhole as a deflationary asset—a move that traditional finance pundits called 'predictably crypto.'
Speculation Drives Action
Traders aren’t just watching—they’re buying. The surge reflects classic crypto-market behavior: a fundamental upgrade meets rampant speculation. Whether it holds or not remains the multi-million dollar question—literally.
Wormhole tokenomics overhaul
In a Sept. 17 blog post, the Wormhole (W) team framed the “W 2.0” upgrade as a new chapter for W. A central element is the introduction of the Wormhole Reserve, a pool where protocol revenues and ecosystem value will accumulate. This mechanism will decrease the amount of liquid supply in circulation while strengthening the token’s LINK to network growth.
Another important change is the establishment of a target base yield of 4% for governance stakeholders. Wormhole intends to use protocol revenue and the existing token supply to finance this yield, as opposed to inflation-based models. The protocol also shifted its distribution framework by replacing annual cliff unlocks with bi-weekly releases starting in October.
The new package is designed to smooth supply pressure, better align incentives for contributors and validators, and create a steady income signal for active participants
Wormhole price technical analysis
On the chart, W has broken to the top of a recent range and is testing resistance NEAR $0.11–$0.112. Shorter supports lie around $0.09, just over the 20-day SMA, and $0.07, near the lower Bollinger Band area. The 10, 20, 30, and 50 EMAs are all sloping up and trading below the price, which keeps the near-term trend bullish.
Although they are not extreme, momentum indicators are extended. Just above 70, the relative strength index shows strength but is beginning to move into overbought territory. Momentum and the MACD both show positive readings, and the Ultimate Oscillator is supportive. The commodity channel index is high, which has historically preceded pullbacks after sharp runs.
If W holds above $0.10 and clears $0.112 with sustained volume, the path to $0.13 and then $0.15 opens up as traders price in reserve accumulation and ongoing yield mechanics. A failure to hold $0.09 risks a rapid unwind back toward $0.07 as Leveraged longs liquidate.
