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Upcoming Wormhole W Airdrop Bigger Than JUP Airdrop?

Wormhole, a cross-chain protocol, has a snapshot of eligible wallets ready for 1.7 billion airdrop.

In a recent blog post, Wormhole announced its upcoming airdrop of its W token. However, the team didn’t provide an exact date, but snapshots of eligible wallets have already been taken.

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Predictably, perpetual future contracts for W exist, typical for eagerly awaited token airdrops. Notably, a Twitter user highlighted indications suggesting the W airdrop might surpass last week’s Jupiter’s JUP airdrop on Solana in scale

$W token will have a total supply of 10 billion W to be distributed over four years with an initial circulating supply of 1.8 billion. The remaining 82% of the supply will unlock on a set schedule. 

Wormhole will allocate its supply to the following groups: 5.1% to guardian nodes, 31% for ecosystem and incubation, 17% to community and launch, 12% to core contributors, 11.6% to strategic network participants, and 23.3% to foundation treasury.

At present, the Wormhole Network counts 18 guardians, with voting power equally distributed among them. Tokens designated for guardians, core contributors, and strategic network participants will be subject to locking and unlocking according to a predetermined schedule. 

As for the community, 1.7 billion W tokens will be given initially, and the rest will be given after four months. 

Wormhole, a premier cross-chain messaging platform, empowers developers to create decentralized applications across multiple blockchains, facilitating seamless transmission of messages and assets. Initially connecting Ethereum to Solana, it now links over 30 networks. Recently, it secured $225 million in funding, elevating its valuation to $2.5 billion since its inception in 2020.

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Sophia Cruz
Financial Writer - Asian & European Desks
Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.
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