Wormhole launched in 2021 as a blockchain bridge, enabling the movement of coins and tokens between Solana and Ethereum.

Now, it connects over 30 leading blockchain networks, enabling seamless multichain applications and bridges liquidity across ecosystems.

On April 3rd, 1.67 billion tokens worth $141.17 million will be released.

60% of unlocked tokens are going to the foundation and ecosystem, which means they might sell a lot of them. That could push the price down.

But I don’t think you should rush to short it.
Since the funding rate is negative, a short squeeze could happen, making the price jump instead.

Trusted by giants like Circle, Securitize and Uniswap, Wormhole has been used a lot in various fields such as DeFi, NFT, and GameFi.

In the future, with the integration of more chains, better Layer 2 technologies, and the growing market demand for cross-chain solutions, Wormhole is expected to become super important in the crypto industry specially for the Web3 ecosystem.

So, if you’re a long-term crypto investor in $W, it has great potential in the future, but I still think it might be smarter to wait and watch before buying the dip.

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