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Wormhole Token Airdrop Details
Interoperability platform Wormhole is launching its highly anticipated token airdrop today at 7:30 a.m. ET. Eligible users can claim a total of 678,823,000 Wormhole tokens, which accounts for 6.78% of the total token supply of 10 billion.
- Approximately 400,000 wallets are eligible to participate in the airdrop.
- The distribution is based on a snapshot taken on February 6, encompassing users across Wormhole’s Portal bridge and ecosystem apps on 30 different Wormhole-connected blockchains.
- 117 million tokens have been reserved for specific groups, including Wormhole Discord members, Monad community members, Pyth stakers, and holders of NFT collections like Bad Kids, DeGods, Mad Lads, and y00ts. These individuals must also be registered on the project’s Discord platform.
Wormhole Token Information
The Wormhole token is a native ERC20 token and a native Solana SPL token with an estimated initial circulating supply of 1.8 billion tokens. After the completion of airdrop claims, the token is set to be listed on both centralized and decentralized exchanges.
Binance will list the token for trading at 8 p.m. ET, with trading pairs against bitcoin and stablecoins. Solana-based decentralized exchanges will also make the token available for swaps immediately after the airdrop claims begin.
Pre-launch Trading and Market Capitalization
The Wormhole token is already trading on pre-launch markets such as HyperLiquid and Aevo, with a price exceeding $1.5, resulting in a fully diluted market capitalization of $15 billion.
Wormhole’s Recent Developments
Wormhole is a communication protocol facilitating the transfer of tokens and data across different blockchains. The platform integrated zero-knowledge proofs (ZKPs) for enhanced security during transfers and aims to establish secure “corridors” between blockchains for efficient messaging.
Additionally, Wormhole is working on Gateway, an application-specific blockchain within the Cosmos ecosystem. The project concluded a successful funding round last year, raising $225 million and achieving a valuation of $2.5 billion.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
