Wormhole (W) Heads to Coinbase: SPL Launch Sparks Market Momentum
TLDR: Wormhole trading on Coinbase begins July 2 once liquidity thresholds unlock order books. SPL token deposits are live, but transfers on other networks risk irreversible fund loss. Seven‑day price gain of 18% shows rising interest before the anticipated Coinbase effect. Analysts expect rapid swings as order‑book depth and RSI levels guide early trading moves. Coinbase [...] The post Wormhole (W) Heads to Coinbase: SPL Launch Sparks Market Momentum appeared first on Blockonomi.
TLDR:
- Wormhole trading on Coinbase begins July 2 once liquidity thresholds unlock order books.
- SPL token deposits are live, but transfers on other networks risk irreversible fund loss.
- Seven‑day price gain of 18% shows rising interest before the anticipated Coinbase effect.
- 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 to List Wormhole as SPL Token
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.
Coinbase will add support for Wormhole (W) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets
(@CoinbaseAssets) July 1, 2025
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.
Recent Wormhole Price Performance and Trading Activity
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.
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.
The post Wormhole (W) Heads to Coinbase: SPL Launch Sparks Market Momentum appeared first on Blockonomi.
