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Wormhole, a number one cross-chain protocol, has introduced the upcoming launch of its much-anticipated W governance token.
A number of crypto exchanges have revealed their plans to checklist the token for spot buying and selling proper after the airdrop declare turns into accessible to eligible customers.
Wormhole had beforehand shared the main points of the W token airdrop, highlighting that over 400,000 wallets would have the ability to partake. A considerable sum of 617.3 million W tokens is earmarked for the preliminary airdrop aimed on the group and ecosystem, benefiting early adopters throughout chains comparable to Solana, Ethereum, and others, along with varied crypto communities.
The announcement of “Wormhole Wednesday” on April 3 was made by way of an X submit final week, indicating that the declare course of for the W airdrop would kick off at 11:30 am UTC.
Following intently, a number of exchanges, together with Bitget, OKX, Backpack, and Gate.io, have introduced plans to checklist the W token for buying and selling at 12 pm UTC on the launch day, with expectations for extra platforms to affix the lineup.
The launch of the W token is poised to be a standout occasion within the crypto house this 12 months, contemplating Wormhole’s stature within the trade. Initially accessible as a Solana SPL20 token, plans are in place to increase assist to the Ethereum ERC-20 token customary, underscoring the protocol’s cross-chain capabilities.
Presently, W tokens are buying and selling at $1.65 within the pre-market on Whales Market, with Wormhole disclosing that 1.8 billion tokens might be in circulation on the time of launch, from a complete provide of 10 billion.
If the pre-market worth is maintained till the launch, the token would enter the market with an almost $3 billion capitalization, putting it among the many prime 50 cryptocurrencies based on CoinGecko’s rankings.
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