Wormhole’s W Token Airdrop Could Be Worth Almost $3B

Wormhole, a well-liked cross-chain bridge protocol, is fueling hypothesis with pre-market buying and selling information suggesting a possible multi-billion greenback airdrop of its upcoming W token.

Wormhole, a well-liked cross-chain bridge protocol, is fueling hypothesis with pre-market buying and selling information suggesting a possible multi-billion greenback airdrop of its upcoming W token. On Bybit, W is at the moment buying and selling at $2.49 on the OTC pre-market, a major enhance in comparison with its perpetual futures market value a month in the past. This surge coincides with Wormhole’s revealed tokenomics and unlock schedule, revealing an preliminary launch of 1.1 billion W tokens and a subsequent neighborhood distribution of 600 million over the approaching months.

Primarily based on present costs, these figures translate to a possible $2.73 billion airdrop, probably rating among the many largest in crypto historical past. Uniswap’s UNI token airdrop in September 2020 stays the very best at $6.43 billion.

Nevertheless, essential particulars stay unclear. Wormhole hasn’t formally confirmed an airdrop date, and pre-market buying and selling costs are notoriously risky. Moreover, considerations exist a few potential post-airdrop value collapse, much like what occurred with Starknet’s STRK token final month.

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