Wormhole (W)

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

These are the closest matches to W measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

• [Wormhole Explorer] Wormhole has facilitated $45B+ in cumulative cross-chain transfers across 30+ blockchains
• [Wormhole Token Docs] W token launched March 2024 with only 18% of 10B total supply at TGE; insiders vest over 4 yearslink dead, claim unverified
• [CoinGecko] W ATH $0.877 reached April 2024 on TGE momentum; now 98.5% below ATH

One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.

What is the Early Thunder score for Wormhole (W)?

W scores 92 out of 250 on the 25-variable framework, ranking 184th of 251 rated tokens (lower half). The framework verdict is PASS.

What are W's strongest fundamentals?

W ranks highest on Developer Activity 6/10, 33rd of 251, Treasury Runway 6/10, 33rd of 251, Market Share 6/10, 36th of 251 and BTC Alpha Potential 4/10, 45th of 251. Ranks are measured against all 251 tokens in the same scoring pass.

What are the weakest parts of the W thesis?

W scores in the bottom third of the universe on Supply Inflation 1/10, 249th of 251, Circulating / FDV Ratio 1/10, 249th of 251, Vesting Schedule 1/10, 244th of 251 and Insider Selling 2/10, 242nd of 251. The single risk carried on the scorecard is: Only 18% circulating (FDV ~$1.1B vs $200M market cap); massive insider dilution coming; bridge revenue does not accrue to W token holders

How much W supply is still to enter circulation?

62.5% of eventual W supply is circulating today, leaving 1.6x the current float still to arrive. At a flat price per token that is 37.5% of fully diluted value ahead of current holders.

How far is W from its all-time high?

W trades 99.5% below its all-time high of $1.66. Returning to that high requires a 200x move from the level used in this scoring pass.

Which tokens have a similar profile to W?

Measured on the shape of all 25 scored variables rather than on price, the closest matches to W are EIGEN (107), PYTH (107), OP (123) and FIL (101). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.

What is the next catalyst for W?

W as fee token for Wormhole messaging; NTT standard adoption by top protocols