Summary
TLDR: Wormhole will launch its W governance token on Wednesday, with exchanges planning to list it soon after the airdrop claim opens. More than 400,000 wallets are eligible to participate in the claim, with 617.3 million W tokens allocated for the initial airdrop. The token will trade on exchanges like Bitget, OKX, and Gate.io. W is likely to be a significant token launch, with a market cap of nearly $3 billion at launch.
Key Points
1. Wormhole will launch its W governance token on Wednesday, with over 400,000 total wallets eligible to participate in the airdrop claim.
2. The W token will be listed for spot trading on multiple exchanges at 12pm UTC on Wednesday, including Bitget, OKX, and Gate.io, with more exchanges likely to join the list.
3. The W token is expected to launch with a market cap of nearly $3 billion, making it the 50th-largest cryptocurrency, and will initially be a native Solana SPL20 token before expanding to support Ethereum’s ERC-20 token standard.