Exciting Launch of W Token by Wormhole Protocol!
Get ready for the launch of the W governance token by cross-chain protocol Wormhole. The airdrop claim opening up to eligible users is just around the corner, and several cryptocurrency exchanges have announced their plans to list the token shortly after. Here’s what you need to know:
What to Expect from the W Token Airdrop
Wormhole has revealed details about the W token airdrop, with over 400,000 wallets eligible to participate in the claim. A total of 617.3 million W tokens have been allocated for the initial community and ecosystem airdrop, rewarding early users on Solana, Ethereum, and other chains, as well as various crypto communities.
Important Dates to Remember
Wormhole announced via Twitter that April 3 will be “Wormhole Wednesday,” with the W airdrop claim starting at 11:30am UTC. Afterward, the token is expected to be available for trading on various exchanges at 12pm UTC on the same day.
Exchanges Listing the W Token
Several exchanges, including Bitget, OKX, Backpack, and Gate.io, have confirmed plans to list the W token for spot trading. More exchanges are likely to join the list, offering users a variety of options to trade the new token.
W Token Launch Details
The W token will launch as a native Solana SPL20 token but will eventually support Ethereum’s ERC-20 token standard, highlighting the protocol’s cross-chain capabilities. In pre-market trading, the W token is priced at $1.65, with 1.8 billion tokens in circulation at launch out of a total of 10 billion.
Market Impact and Potential
If the current price holds until the token’s official launch, it could result in a market cap of nearly $3 billion, making it one of the significant token launches of the year. This positioning would place W as the 50th largest cryptocurrency in terms of market capitalization, according to CoinGecko data.
Hot Take: Wormhole Set to Make Waves with W Token Launch!
As the highly anticipated W token launch by Wormhole Protocol approaches, the crypto community is abuzz with excitement. With the airdrop claim opening soon and multiple exchanges lining up to list the token for trading, W is poised to make a significant impact on the market. Stay tuned for more updates on this dynamic launch!
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