Wormhole Price Risks Drop Before Coinbase Listing

Have you ever watched a crypto token climb with promise, only to stumble just when everyone’s watching? That’s the story unfolding with Wormhole right now. As the crypto world buzzes about its upcoming Coinbase listing, the token’s price action is raising red flags. I’ve been tracking this one closely, and let me tell you, the charts aren’t painting a rosy picture.

Why Wormhole’s Coinbase Listing Isn’t the Win You Think

Coinbase listings are usually a big deal in crypto. They bring exposure, liquidity, and often a price pop. But Wormhole, a token tied to cross-chain interoperability on the Solana network, seems to be bucking the trend. Instead of rallying, it’s forming a bearish pattern that could spell trouble for investors. Let’s dive into what’s happening and why this moment feels more like a trap than a triumph.

The Coinbase Listing: Hype Meets Reality

On July 2, 2025, Coinbase announced it would list Wormhole (W) as an SPL token on the Solana blockchain. Historically, such listings spark short-term excitement, drawing in new investors and boosting trading volume. But Wormhole’s price, hovering at $0.071, hasn’t caught the spark. In fact, it’s down a staggering 77.6% year-to-date. Why the cold shoulder from the market?

Part of the answer lies in investor sentiment. Despite the Coinbase news, there’s no rush to buy. The token hit an all-time low of $0.051 just weeks ago on June 22, and its recovery has been lukewarm at best. Perhaps the most telling sign is the lack of buzz among retail investors, who often drive post-listing rallies. Something’s off, and the charts are screaming it.

Listings on major exchanges can be a double-edged sword. They bring attention, but without strong fundamentals, the hype fades fast.

– Crypto market analyst

A Bearish Pattern Takes Shape

Let’s talk technicals. On the 4-hour W/USDT chart, Wormhole has broken below the lower boundary of an ascending broadening wedge. If you’re not a chart nerd, here’s what that means: this pattern often signals growing instability. Prices swing wider, trendlines rise, but the direction becomes shaky. When the price dips below the lower trendline, as Wormhole has, it’s a warning that bearish pressure is building.

I’ve seen this setup before, and it rarely ends well without a strong catalyst. The breakout suggests sellers are gaining control, and the momentum indicators back this up. The MACD has flipped bearish, with lines crossing downward. The Relative Strength Index (RSI), sitting at a neutral 50, shows no bullish momentum. Even the Chaikin Money Flow is negative, confirming that money is flowing out, not in.

Whale Power and Investor Losses

Here’s where things get dicey. According to blockchain analytics, 92% of Wormhole addresses are underwater, meaning most investors are holding at a loss. Worse, 88% of the token supply is concentrated in the hands of a few whales. This kind of distribution is a red flag. When a small group controls most of the supply, they can trigger massive sell-offs, especially if they’re looking to cut losses.

Data from on-chain trackers also shows that influential accounts—think crypto insiders and public figures—have been dumping their Wormhole holdings over the past week. When the big players start selling, retail investors often follow, creating a snowball effect. It’s not hard to see why confidence is shaky. If the whales don’t believe in the token’s near-term potential, why should anyone else?

• High concentration risk: Whales hold 88% of the supply, increasing volatility.
• Low investor morale: 92% of holders are in the red, dampening enthusiasm.
• Selling pressure: Influencers offloading tokens signal weak confidence.

The Ripple Partnership: A Missed Opportunity?

Wormhole recently partnered with Ripple Labs to enhance cross-chain interoperability with the XRP Ledger and its EVM-compatible sidechain. This is no small feat. The partnership enables cross-chain messaging, asset transfers, and multi-chain token issuance, potentially making the XRP Ledger more versatile. On paper, this should be a game-changer, boosting Wormhole’s utility and appeal.

But the market isn’t biting. Despite the technical promise, the price hasn’t budged. In my experience, partnerships like this need time to translate into price action. Investors might be waiting for real-world adoption or clearer use cases before jumping in. For now, the Ripple news feels like a whisper in a storm—intriguing but not enough to shift the tide.

Partnerships are only as strong as their execution. Without visible results, they’re just headlines.

– Blockchain technology expert

Price Levels to Watch

So, where’s Wormhole headed? The charts suggest a retest of the $0.066 level, which aligns with the 23.6% Fibonacci retracement zone. This is a critical support area. If it holds, we might see a brief pause in the selling. But if it breaks, the next stop could be the all-time low of $0.051. A deeper correction isn’t out of the question if selling pressure persists.

Here’s a quick breakdown of the key levels:

These levels aren’t just numbers—they’re psychological markers for traders. A drop to $0.051 would shake out weak hands, but it could also attract bargain hunters. The question is whether there’s enough buying interest to stabilize the price.

What’s Driving the Weakness?

Let’s step back and look at the bigger picture. Why is Wormhole struggling when other tokens thrive on listing news? I think it’s a mix of market fatigue and structural issues. The crypto market has been a rollercoaster in 2025, with Bitcoin hitting $107,697 and Ethereum at $2,447.12. Investors might be diverting capital to bigger names, leaving smaller tokens like Wormhole in the dust.

Then there’s the whale problem. With so much of the supply concentrated, the token’s fate rests on a few key players. If they decide to sell, the price could crater. Add in the bearish technicals, and it’s clear why the Coinbase listing isn’t the catalyst everyone hoped for.

Can Wormhole Turn It Around?

Here’s where I get a bit speculative. Could Wormhole defy the odds? It’s possible, but it’ll need a spark. The Ripple partnership, if executed well, could drive adoption. Real-world use cases—like seamless cross-chain transfers—might attract developers and investors. But that’s a big “if.” For now, the technicals and on-chain data suggest caution.

If you’re holding Wormhole, keep an eye on the $0.066 support. A bounce there could signal a shift, but a break below might mean it’s time to reassess. For new investors, this isn’t the time to jump in blindly. Wait for stronger signals, like a reversal pattern or increased buying volume.

1. Monitor support levels: Watch $0.066 and $0.051 closely.
2. Track whale activity: On-chain data can reveal if big players are buying or selling.
3. Assess partnership impact: Look for tangible results from the Ripple collaboration.

Broader Market Context

Wormhole’s struggles don’t exist in a vacuum. The crypto market is a mixed bag right now. Bitcoin and BNB are up, with gains of 1.04% and 0.85% respectively, while Ethereum and XRP are down slightly. Meme coins like Bonk (+1.89%) are stealing the spotlight, which could explain why a utility token like Wormhole is being overlooked.

Perhaps the most interesting aspect is how market dynamics have shifted. Investors are pickier, favoring tokens with clear momentum or cultural hype. Wormhole, despite its technical chops, hasn’t found its narrative yet. It’s like a brilliant book no one’s reading—great content, but it needs better marketing.

Final Thoughts: Proceed with Caution

Wormhole’s Coinbase listing should’ve been a moment to shine, but the token’s price action tells a different story. A bearish pattern, whale dominance, and weak investor sentiment are casting a shadow. While the Ripple partnership offers hope, it’s not enough to counter the immediate risks. For now, Wormhole feels like a high-stakes bet—one I’d approach with eyes wide open.

What do you think? Is Wormhole a diamond in the rough, or a trap waiting to spring? The charts lean toward caution, but crypto’s unpredictable nature always leaves room for surprises. Stay sharp, and keep watching those key levels.

Disclosure: This content is for informational purposes only and does not constitute investment advice.