Wormhole's W Governance Token Poised for Airdrop and Exchange Listings on Wednesday

Wormhole, a cross-chain protocol, announces the W governance token launch on Wednesday. Multiple cryptocurrency exchanges, including Bitget, OKX, and Gate.io, intend to list the token for trading at 12pm UTC on Wednesday, shortly after the airdrop claim opens. The W token will initially launch as a Solana SPL20 token, expanding to Ethereum's ERC-20 standard later.

Wormhole's W Governance Token Unveiled, Set for Airdrop and Exchange Listing

The cross-chain protocol Wormhole is poised to launch its highly anticipated W governance token on Wednesday, April 3rd. Eligible users will be able to claim their airdropped W tokens, which will be listed on multiple cryptocurrency exchanges shortly thereafter.

Wormhole announced the airdrop details for the W token last week, revealing that over 400,000 wallets had qualified to participate in the claim process. A total of 617.3 million W tokens have been allocated for the initial community and ecosystem airdrop, rewarding early adopters on Solana, Ethereum, and other blockchain networks.

"Wormhole Wednesday" has been declared by the protocol, with the W airdrop claim scheduled to commence at 11:30am UTC on April 3rd. Indications suggest that the token will be available for trading shortly after, as several major exchanges have announced plans to list W for spot trading at 12pm UTC on Wednesday.

Among the exchanges preparing to list the W token are Bitget, OKX, and Gate.io, with more likely to join the list in the coming days. Given the scale of the airdrop and Wormhole's prominence in the cross-chain ecosystem, the launch of W is expected to be one of the largest token launches of the year to date.

The W token will initially be launched as a native Solana SPL20 token, but it will be expanded to support Ethereum's ERC-20 token standard in the future, reflecting the cross-chain nature of the protocol.

According to pre-market trading data from Whales Trade, the W token is currently priced at $1.65. Wormhole has stated that approximately 1.8 billion W tokens will be in circulation at launch (out of a total supply of 10 billion).

If the current price holds until the token's launch on Wednesday, W will have a market capitalization of approximately $3 billion. This would make it the 50th largest cryptocurrency by market cap, based on data from CoinGecko.

As the token launch approaches, the crypto community eagerly anticipates the distribution and exchange listings of W. Wormhole's cross-chain technology has gained significant traction, and the W token is expected to play a vital role in its future development and governance.