Wormhole W Token to Launch April 3 with Top Exchange Listings

Wormhole, a pioneer in cross-chain protocols, has just revealed the launch date for its eagerly awaited W governance token. This news comes alongside announcements from numerous cryptocurrency exchanges about their intentions to list the W token for spot trading immediately following the availability of the airdrop claim for qualified users.

The introduction of the W token stands as a significant event in the cryptocurrency sector for the year, especially given Wormhole’s reputation. Initially, the W token will debut as an SPL20 token on Solana, with future plans to support the Ethereum ERC-20 token standard. This move highlights the protocol’s commitment to facilitating cross-chain interactions.

Details of the Airdrop and Exchange Listings

Wormhole had previously unveiled the airdrop details for the W token, pointing out that over 400,000 wallets would be eligible to participate. An impressive allocation of 617.3 million W tokens has been set aside for this initial airdrop. This gesture aims to reward the community and ecosystem’s early adopters, benefiting those across various chains such as Solana and Ethereum, as well as numerous crypto communities.

The claim process for the W airdrop is scheduled to start at 11:30 am UTC on “Wormhole Wednesday,” April 3. Bitget, OKX, Backpack, and Gate.io are among the exchanges that have declared their readiness to list the W token for trading at 12 pm UTC on the same day. Additional platforms are expected to follow suit, further enhancing the token’s accessibility.

At present, W tokens are trading at $1.65 in pre-market on Whales Market. With 1.8 billion tokens set to be in circulation at launch out of a total supply of 10 billion, the token’s market capitalization could reach nearly $3 billion if current prices hold. This valuation would place the W token among the top 50 cryptocurrencies, as per CoinGecko’s rankings, marking a remarkable entry into the market.