Wormhole’s W token set for April 3 launch, secures major exchange listings

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Wormhole, a number one cross-chain protocol, has introduced the upcoming launch of its much-anticipated W governance token.

A number of crypto exchanges have revealed their plans to record the token for spot buying and selling proper after the airdrop declare turns into out there to eligible customers.

Wormhole had beforehand shared the small print of the W token airdrop, highlighting that over 400,000 wallets would be capable to partake. A considerable sum of 617.3 million W tokens is earmarked for the preliminary airdrop aimed on the neighborhood and ecosystem, benefiting early adopters throughout chains similar to Solana, Ethereum, and others, along with numerous crypto communities.

The announcement of “Wormhole Wednesday” on April 3 was made by an X submit final week, indicating that the declare course of for the W airdrop would kick off at 11:30 am UTC.

Following intently, a number of exchanges, together with Bitget, OKX, Backpack, and Gate.io, have introduced plans to record the W token for buying and selling at 12 pm UTC on the launch day, with expectations for extra platforms to hitch the lineup.

The launch of the W token is poised to be a standout occasion within the crypto area this yr, contemplating Wormhole’s stature within the business. Initially out there as a Solana SPL20 token, plans are in place to increase help to the Ethereum ERC-20 token commonplace, underscoring the protocol’s cross-chain capabilities.

At present, W tokens are buying and selling at $1.65 within the pre-market on Whales Market, with Wormhole disclosing that 1.8 billion tokens will probably be in circulation on the time of launch, from a complete provide of 10 billion.

If the pre-market value is maintained till the launch, the token would enter the market with a virtually $3 billion capitalization, putting it among the many high 50 cryptocurrencies in accordance with CoinGecko’s rankings.

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