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Wormhole (W) Heads to Coinbase: SPL Launch Sparks Market Momentum
Early liquidity signals hint at volatile price swings as Wormhole debuts as an SPL asset on Coinbase.
By Brenda Mary, July 1, 2025
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Coinbase has confirmed it will list Wormhole (W) on the Solana blockchain, setting the stage for a highly anticipated launch. The SPL-based token will become available for trading starting July 2, 2025, depending on liquidity conditions. This development has stirred considerable attention from crypto traders and analysts.
Speculators expect strong volatility driven by the so-called “Coinbase effect,” often seen with new listings. The sentiment points to growing confidence in Wormhole’s role within the broader Solana ecosystem.
Coinbase will add support for Wormhole (W) on the Solana network (SPL token). Users are advised not to send the asset via unsupported networks, as this could result in permanent loss of funds. Coinbase also noted that jurisdictional restrictions may apply in certain trading regions.
Crypto platform Alva emphasized increasing social interest around the listing, highlighting the potential for swift market moves. Early trading days might feature both surges and sharp corrections as traders position themselves early. Order book depth and volume will likely dictate the speed and direction of price shifts. Wormhole has seen similar activity before, with early trading days potentially featuring both strong rallies and severe pullbacks.
According to CoinGecko data, Wormhole is currently priced at $0.07322. This reflects a 0.46% gain in the past 24 hours. More notably, the token is up an impressive 18.14% over the past seven days. Trading volume has jumped to over $70 million within the last day, marking a substantial 22.40% increase and indicating growing liquidity ahead of the Coinbase launch.
The token’s price activity over the past week has ranged between $0.06915 and $0.07471, with a broader seven-day band from $0.05963 to $0.08142. Wormhole’s listing could mirror past listings that triggered notable surges post-announcement. Historically, Coinbase listings have drawn heavy volume from both retail and institutional traders. The immediate days following the launch are expected to be turbulent, with both upside and downside risk. As Wormhole enters the Coinbase ecosystem, the market appears primed for action.
Source: blockonomi.com
