Summary
TLDR: Wormhole introduces token for transferring tokens between different blockchains, but price drops 30% in 24 hours. Overall crypto market down 1.24%.
Key Points
1. Wormhole allows users to transfer tokens between different blockchains, such as Ethereum, Solana, Terra, and others.
2. The token was among the most anticipated this year because Wormhole remained one of the few major protocols that did not offer a token.
3. The W price has dropped almost 30% in the past 24 hours, according to CoinGecko data. The CoinDesk 20 Index, a measure of the broader crypto market, has lost 1.24%.