Analysts expect rapid swings as order‑book depth and RSI levels guide early trading moves.
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 Assets shared that Wormhole will launch 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.
The company also cautioned users not to send the asset via unsupported networks, as this could result in permanent loss of funds. Coinbase noted that jurisdictional restrictions may apply in certain trading regions.
Crypto platform Alva noted strong anticipation around the listing, emphasizing 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.
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 18.14% over the past seven days.
Trading volume has also jumped to over $70 million within the last day. That marks a 22.40% increase, 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.
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.
