Token

Based

Wormhole

Influencer

<a href="https://bitcoinworld.co.in/watch-out-for-the-multi-billion-dollar-airdrop-of-wormholes-upcoming-w-token/" title="Watch Out For The Multi-billion Dollar Airdrop Of Wormhole’s Upcoming W Token" rel="noopener noreferrer nofollow"></a>
<a href="https://wormhole.com/" rel="noopener noreferrer nofollow">Wormhole</a>, a popular cross-chain bridge protocol, is fueling speculation with pre-market trading data suggesting a potential multi-billion dollar airdrop of its upcoming W token.&nbsp;
On Bybit, W is currently trading at $2.49 on the OTC pre-market, a significant increase compared to its perpetual futures market price a month ago.&nbsp;
This surge coincides with Wormhole’s published tokenomics and unlock schedule, revealing an initial release of 1.1 billion W tokens and a subsequent community distribution of 600 million over the coming months.
Based on current prices, these figures translate to a potential $2.73 billion airdrop, potentially ranking among the largest in crypto history.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/brazilian-crypto-influencer-lost-over-211000-to-airdrop-related-phishing-scam/" aria-label="“Brazilian Crypto Influencer Lost Over $211,000 To Airdrop-Related Phishing Scam” (Edit)" rel="noopener noreferrer nofollow">Brazilian Crypto Influencer Lost Over $211,000 To Airdrop-Related Phishing Scam</a>
Uniswap’s UNI token airdrop in September 2020 remains the highest at $6.43 billion.
However, crucial details remain unclear. Wormhole hasn’t officially confirmed an airdrop date, and pre-market trading prices are notoriously volatile.&nbsp;
Additionally, concerns exist about a potential post-airdrop price collapse, similar to what happened with Starknet’s STRK token last month.
Both Wormhole’s W and Starknet’s STRK share similarities.&nbsp;
They have a total supply of 10 billion tokens, and both grant governance rights to holders, enabling them to participate in shaping the project’s future.&nbsp;
Wormhole secured a $225 million funding round in November 2022, valuing it at $2.5 billion.
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The post <a href="https://bitcoinworld.co.in/watch-out-for-the-multi-billion-dollar-airdrop-of-wormholes-upcoming-w-token/" rel="noopener noreferrer nofollow">Watch Out For The Multi-billion Dollar Airdrop Of Wormhole’s Upcoming W Token</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Watch Out For The Multi-billion Dollar Airdrop Of Wormhole’s Upcoming W Token

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