Summary
TLDR: Cross-chain bridge protocol Wormhole is preparing for a multi-billion dollar airdrop of its W token, with pre-market trading data suggesting a potential value of $2.73 billion. This could make it one of the largest airdrops in crypto history. The protocol allows transfers between 30 different blockchains and has a valuation of $2.5 billion. However, there is no official airdrop date yet, and prices may fluctuate.
Key Points
1. Wormhole is gearing up for a multi-billion dollar airdrop of its upcoming W token, with pre-market trading data suggesting a potential immediate airdrop worth $2.73 billion at current prices.
2. Wormhole allows crypto users to send messages and assets between 30 different blockchains, popularizing as a two-way bridge between the Ethereum and Solana networks. It held a $2.5 billion valuation following a $225 million funding round that closed in November 2022.
3. The largest crypto airdrop so far was for Uniswap’s UNI token on September 16, 2020—a $6.43 billion event. Wormhole’s upcoming airdrop would place it firmly within the top five, although an official airdrop date has not been announced and pre-market trading prices may fluctuate before then.