Wormhole W

What W actually is on-chain

Wormhole is an SPL token deployed on Solana, at contract address 85VBFQZC9TZkfaptBWjvUw7YbZjy52A6mjtPGjstQAmQ. That address, not the ticker W, is what uniquely identifies this asset: anyone can deploy a second token calling itself W, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means W is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading W is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

2 other assets tracked on this site also use the ticker W: W (Solana, AumaQ5…pump); W (BNB Chain, 0x380b…4444). The asset on this page is specifically the Solana deployment at 85VBFQ…QAmQ. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For W the project publishes a public source repository and an active account as @wormhole. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where W sits in the market

#339 places Wormhole in the middle of the mid-cap band. This is where continuous two-sided quoting stops being guaranteed. W still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 7 live W order books (Binance, OKX, Gate.io, MEXC, HTX, Upbit…). That is wider coverage than most assets ranked near #339 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

W against its all-time high

More than 95% separates W from its all-time high of $1.66 (on 2024-04-03) — a 145x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for W now is the downside, so read the range section below before this one. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

W across its historical range

W has traded across a 212x range, between $0.00782451 and $1.66. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

At 46.1% above its record low of $0.00782451 (on 2026-07-31), W sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

W supply structure

W is capped at 10.00 billion W, of which only 5.82 billion is circulating — 58.2% issued, leaving 4.18 billion still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset W is

Wormhole is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files W under 10 categories, including Solana Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem, Interoperability, Base Ecosystem. CoinGecko also records deployments on Solana (3,129 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: W appears in the Multicoin Capital portfolio, and is tagged as US-originated.

How to set a Wormhole alert that is worth receiving

Wormhole is the SPL token at 85VBFQ…QAmQ on Solana — quoted on 7 venues we stream — high dated 2024-04-03 — rank #339. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →