Wormhole (W) Debuts at Nearly $3,000,000,000 Market Cap After Big Airdrop Goes Live

Wormhole (W) Debuts at Nearly $3,000,000,000 Market Cap After Big Airdrop Goes Live


Cross-chain messaging protocol Wormhole (W) has debuted with its new token at a $3 billion market cap following its highly anticipated launch.

On Tuesday, the biggest crypto exchanges in the industry announced they were launching support for W, including Binance, OKX, Bitget, Backpack and WOO X.

With the token going live early on Wednesday, so did the airdrop, which distributed 617.3 million W tokens to over 400,000 eligible wallets.

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Users with wallets on Sui (SUI), Solana (SOL), Aptos (APT), Injective (INJ), Osmosis (OSMO), Algorand (ALGO) and Ethereum Virtual Machine (EVM) compatible chains and members of the Wormhole Discord group were potentially eligible for the airdrop.

W, a Solana-based coin, debuted at a $2.97 billion market cap with a circulating supply of 1.8 billion, and a $16 billion fully diluted valuation(FDV),

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