Wormhole Token Gains 18.14% Ahead of Coinbase Listing

Coinbase has confirmed the listing of Wormhole (W) on the Solana blockchain, marking a significant development in the crypto market. The SPL-based token will be available for trading starting July 2, 2025, subject to liquidity conditions. This announcement has garnered substantial attention from traders and analysts, who anticipate strong volatility due to the "Coinbase effect," a phenomenon often observed with new listings on the platform. The sentiment surrounding this launch reflects growing confidence in Wormhole’s role within the broader Solana ecosystem.

Coinbase Assets announced that Wormhole will be launched as an SPL token, native to Solana’s blockchain. The listing will support W-USD trading pairs and will go live once liquidity meets internal thresholds. Transfers are already open via Coinbase and Coinbase Exchange for eligible users. However, users are cautioned not to send the asset via unsupported networks, as this could result in permanent loss of funds. Jurisdictional restrictions may also apply in certain trading regions.

Crypto platform Alva noted strong anticipation around the listing, highlighting increasing social interest. The token’s debut is expected to see swift market moves, especially as traders position early. Order book depth and volume will likely dictate the speed and direction of price shifts. Wormhole has seen similar activity before, and early trading days could feature both surges and sharp corrections. Overbought technicals, such as an overheated RSI, could trigger fast pullbacks as traders seek short-term profits.

Wormhole’s price performance has been notable in the lead-up to the Coinbase listing. The token is currently priced at $0.07322, reflecting a 0.46% gain in the past 24 hours and an 18.14% increase over the past seven days. Trading volume has also jumped to over $70 million within the last day, marking a 22.40% increase and pointing to growing liquidity ahead of the Coinbase launch. 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.

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. All eyes now turn to how liquidity builds and whether demand sustains momentum after trading officially begins. Analysts expect rapid swings as order-book depth and RSI levels guide early trading moves, adding to the anticipation and excitement surrounding this significant event in the crypto market.