The development activity behind Wormhole has a staggering lead over that of Solana and Jupiter- and investors are greatly emboldened by this.
Wormhole’s high development activity was an encouraging development. It also saw a rise in demand in the spot markets.In a Medium post, Santiment explained why tracking events gives a better understanding of development activity than just GitHub commits.
It is a metric that goes a long way to assure investors that the project will be pushing out more features and reduces the probability that the project is a scam.The 1-hour chart of W revealed a bearish market structure. The $0.913 swing low, if breached, would signal a bearish continuation and further losses for the token.
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