Summary
TLDR: Wormhole is launching its governance token, W, with a 617.3 million token airdrop on April 3 to reward early adopters and contributors across different chains. Leading exchanges like Binance, OKX, and Huobi will list the token for trading. The W token is priced at $1.65 in pre-market trading and could potentially reach a market cap of nearly $3 billion, making it the 50th-largest cryptocurrency.
Key Points
1. Wormhole is set to launch its governance token, W, with an airdrop on April 3, distributing a total of 617.3 million W tokens to over 400,000 wallets across various chains.
2. Leading crypto exchanges like Binance, OKX, and Huobi have announced their readiness to list the W token for spot trading starting at 12:00 UTC on April 3, reflecting the community’s anticipation and the token’s potential.
3. With 1.8 billion W tokens set to circulate at launch and priced at $1.65 in pre-market trading, Wormhole aims to position the W token as a significant asset in the crypto space, potentially reaching a market cap of nearly $3 billion and becoming the 50th-largest cryptocurrency by market capitalization.