Wormhole, a leading cross-chain protocol, is set to launch its highly anticipated W governance token. Several crypto exchanges are gearing up to list the token for spot trading once the airdrop claim is available to eligible users.

Wormhole has revealed that over 400,000 wallets will be able to participate in the W token airdrop, with a total of 617.3 million W tokens allocated for the initial airdrop. This initiative aims to benefit early adopters in communities across chains like Solana, Ethereum, and others.

The launch of the W token, scheduled for “Wormhole Wednesday” on April 3 at 11:30 am UTC, has generated significant buzz in the crypto space. Exchanges such as Bitget, OKX, Backpack, and Gate.io have announced plans to list the W token for trading at 12 pm UTC on the launch day, with more platforms expected to follow suit.

The W token, initially available as a Solana SPL20 token, will also extend support to the Ethereum ERC-20 token standard, showcasing Wormhole’s cross-chain capabilities. Currently, W tokens are trading at $1.65 in the pre-market on Whales Market, with a total supply of 10 billion tokens, of which 1.8 billion will be in circulation at launch.

If the pre-market price holds steady, the token is poised to enter the market with a capitalization of nearly $3 billion, positioning it among the top 50 cryptocurrencies according to CoinGecko’s rankings. Stay tuned for more updates on Global Crypto News for the latest developments in the world of cryptocurrencies.

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