Wormhole, a leading cross-chain protocol, announced the launch of its W governance token on April 3rd, making headlines in the cryptocurrency sector. The token, initially launched on the Solana network, achieved a $16.5B fully diluted valuation (FDV) and a $3B market cap at launch. Major exchanges including Binance, OKX, Bybit, Kucoin, HTX, and others listed the token, with Binance offering trading pairs such as W/BTC, W/USDT, W/FDUSD, and W/TRY. The launch was marked by the airdrop of approximately 617.3 million $W tokens to users, totaling over $850 million. Additionally, Wormhole's roadmap outlines plans for expansion across EVM-compatible chains and multichain governance. Despite the strong start, the token's price saw volatility, dropping to $1.16 after initially peaking at $1.6. In a notable move, Backpack Exchange announced it would distribute approximately $27M worth of $W to 300,000 users who traded over $5,000 volume on the platform between February 13 and March 18.
📣: New Futures Listing - $W is NOW LIVE for trading! https://t.co/w91xZ2qqZW
🚨 JUST IN: @MEXC_Official Exchange announces the listing of $MEW (@MewsWorld) with a total commitment of 46,555,388 MX from users to support the listing. https://t.co/41jubdnRxm
New Futures Listing: $W Trade @wormhole on your favorite Orderly-powered DEX 🔥 $W is available with 10X leverage Trading will commence shortly 🔔 https://t.co/2OlFO9hzUK
Wormhole $W launched today and is down to $1.16 after hitting $1.6 shortly after launch https://t.co/qV4TDOH505
Wormhole $W launched today is down to $1.16 after hitting $1.6 shortly after launch https://t.co/obtkjOL0O6
Wormhole airdropped over $850 million in $W to users on Wednesday but quickly became a prime target for scammers. https://t.co/zjpFTqhfYU
$W is now live on Flash Trade. Trade with up to 20x leverage and the highest collateral value available anywhere. Truly long your longs: Only on Flash ⚡️ https://t.co/vQmVnOvCUJ
Another $W! Trade @wormhole zero-day futures with up to 100x leverage on PepperDEX 🪱🕳️ Thanks to @HxroNetwork @switchboardxyz and @pythnetwork, we were able to launch this market on day one! More beta access codes are available for the first 15 people to reply in the… https://t.co/YqQ4lNcwP6
🚨JUST IN: @marginfi lists $W ( @wormhole) ON MRGNLEND https://t.co/useCovp1sD
Enter the wormhole https://t.co/cO4PuUMd4N
NEW: @marginfi LISTS $W (@wormhole) ON MRGNLEND https://t.co/qmnra3fFYc
1/ 🚨NEW LISTING🚨 $W now on mrgnlend @wormhole https://t.co/v2n6kA4aXq
Top @wormhole W markets on listing day. Respect. https://t.co/kPGlHg0WBZ
JUST IN: @WORMHOLE'S $W TOKEN ALREADY DOWN 7% FROM LAUNCH PRICE, BUT BOASTS $2.3 BILLION MARKET CAP
🚨BREAKING: BITGET LAUNCHES OWN MEMECOIN $MEOW ON BASE - SURGES 14,000% IN HOURS
FOMO HOUR EP. 90: WORMHOLE WEDNESDAY! 🪱 https://t.co/ovuT8zLRUD
$W (@wormhole ) is now listed with both borrowing and lending on mango-v4, you can swap, and trade spot also
FOMO HOUR #90 - WORMHOLE WEDNESDAY! https://t.co/O06gPWx1Cs
FOMO HOUR #90 - WORMHOLE WEDNESDAY! • BTC hits $64.5K then rebounds, SOL outperforms • Government sends $2B BTC to Coinbase to sell • Funding rates stay low after sweep lower • ETFs see small inflow, Ark outflow more than GBTC • Wormhole W launches at $15B FDV • BTC… https://t.co/5jQn5VUCzE
BREAKING: @coinbase ADVANCED TO ADD SUPPORT FOR $W (@wormhole) PERPETUAL FUTURES ON OR AFTER 9:30 AM UTC ON 4 APRIL https://t.co/ctoRM8sv3b
Wormhole $W is launching today and it will change lives! 🪱 For those that don’t know, @wormhole is an interoperability platform powering multi-chain applications and bridges at scale. $W is their token. And today, around 617.3 million $W tokens will be airdropped to over… https://t.co/9rsSVaUtiq
$MEW trading is now live on #KuCoin! 🚀MEW/USDT: https://t.co/slYunjDnc3 Find out more about cat in a dogs world in #KuCoinCryptoGem card. https://t.co/8LvihOnZ8I https://t.co/z8h1IbYB3j
🚨 LATEST: @Backpack Exchange to distribute ~$27M $W (@wormhole) to 300,000 users who traded over $5,000 volume on Backpack Exchange between Feb 13 - Mar 18. https://t.co/C26p5bD8bk
🚨 LATEST: @Backpack Exchange to distribute ~$27M $W (@wormhole) to 300,000 users who traded over $5,000 volume on Backpack Exchange between Feb 13 - Mar 18. Worth: $37 million+ at current price https://t.co/bBzy3eWohq
Happy @wormhole Day! 🚀 A great $W to start the day!
We're live with $W trading on Backpack Exchange — https://t.co/6Smr1gGrkp https://t.co/gc6b8u7KlX
🚨 JUST IN: @kucoincom Exchange to list $MEW (@MewsWorld) for trading today at 13:00 UTC. https://t.co/e9JlT8jkRd
#NewListing ALERT 🚨 📈 $W/USDT @wormhole Spot Trading is now open! Trade now: https://t.co/RP2uCJy308 https://t.co/mjS0EmtmmI
$W trading is now live on #KuCoin! 🚀W/USDT: https://t.co/PQJa0lgKFL Find out more about Wormhole in #KuCoinCryptoGem card. #DeFi #CrossChain https://t.co/PIguKoNQSD https://t.co/G8cTJGEgcA
NEWS: $W from @Wormhole launches at $16.5B FDV & $3B marketcap https://t.co/ewZHECojT0
BREAKING: @kucoincom TO LIST @solana MEMECOIN $MEW (@MewsWorld)/ $USDT FOR TRADING AT 13:00 ON APRIL 3, 2024 (UTC) https://t.co/gz6HPGleFd
I'm not a tokenomics person at all but the Wormhole $W token started trading this morning at like a $16 billion market cap - I'm not used to trading SOL coins with that high of a market cap lol. At least not yet.
BREAKING: $W (@wormhole) CLAIM GOES LIVE https://t.co/6JEgO8Cv9x
📢 New Listing @MewsWorld $MEW Gets Listed on #KuCoin! 💎Pair: MEW/USDT 💎Deposit: now open (network: SOL-SPL) 💎Trading: TBA
show (worm)hole
We have pre-listed $W from @wormhole, you can now create Limit Orders & DCA. Swap, create Limit Orders & DCA, and enjoy the best prices across the entire ecosystem on Jupiter on $W immediately at launch. Trade now: https://t.co/Y2NoMHpevL
$W from @wormhole is now live on https://t.co/TCZWw6zKfJ. Swap, create Limit Orders & DCA, and enjoy the best prices across the entire ecosystem on Jupiter. Trade now: https://t.co/Y2NoMHpevL
Wormhole Wednesday
🚨 JUST IN: Meme alert! @bitgetglobal listing $MEW ( @MewsWorld ) with a USDT pair at 11:00 AM UTC, TODAY https://t.co/9AuaaNwzxs
📣 $W is coming soon to the #BybitSpot trading platform, with Spot Grid Bots function available! @wormhole 🗓 Listing time: Apr 3, 2024, 12 PM UTC Deposits and withdrawals will be available via the Solana network. #TheCryptoArk #BybitListing https://t.co/MnD5EBwd8X
🚨 BREAKING: Today, April 3rd, @krakenfx will list $W (@wormhole) on their pro trading platform, @krakenpro https://t.co/4NbmsNRFVd
Cross-chain messaging protocol Wormhole has unveiled a roadmap for the W token, which will first debut on the Solana network https://t.co/Wd7KefWQ35
Wormhole Wednesday 🏃♂️ https://t.co/Cg2xlu5BPR
.@wormhole has introduced $W launch roadmap. ▫️ $W launch on @solana ▫️EVM expansion with Wormhole NTT ▫️Lock W to Self-Delegate ▫️Multichain Governance https://t.co/07cig1MyhO https://t.co/XYf1bPiCHz
Cross-chain infrastructure Wormhole launches token roadmap: W will initially launch as a native SPL token on Solana. W will expand to all Wormhole-connect EVM chains using Wormhole Native Token Transfers (NTT). W holders will be able to lock and delegate their tokens on both…
NEW: @KaminoFinance ANNOUNCES THAT $W (@wormhole) IS COMING TO THE PLATFORM ON APRIL 3RD - “WITH $W - $JITOSOL AS THE FLAGSHIP LIQUIDITY VAULT” https://t.co/dprz6FPnW6
#Wormhole $W to be listed on multiple exchanges on April 3rd The $W token will be listed on #Binance, #OKX, #Bybit, #Kucoin, #HTX, and other exchanges on April 3rd at 12:00 PM UTC. #Crypto #Web3 #BTC #ETH https://t.co/e1JxH9QlGM
Breaking: Wormhole $W Token minted. 2hrs ago @wormhole token contract was created on #Solana with a 10b $W token supply. CA: 85VBFQZC9TZkfaptBWjvUw7YbZjy52A6mjtPGjstQAmQ There are no pools yet to trade defi but 6% has been sent to @binance who will start tradng 2024-04-03… https://t.co/JDbTiFGEuk
Breaking: Wormhole $W Token minted. 2hrs ago @wormhole token contract was created on #Solana with a 10b $W token supply. CA: 6D4xknzQjcKcdYAZNABeffh1FyLUYPx7YxmDC1BgwUHt There are no pools yet to trade defi but 6% has been sent to @binance who will start tradng 2024-04-03… https://t.co/axnrhMaqB0
Breaking: 2hrs ago @wormhole token contract was created on #Solana with a 10b $W token supply. CA: 6D4xknzQjcKcdYAZNABeffh1FyLUYPx7YxmDC1BgwUHt There are no pools yet to trade defi but 6% has been sent to @binance who will start tradng 2024-04-03 12:00 (UTC). #wormhole $W… https://t.co/YYujAf7Hb1
Breaking: 2hrs ago @wormhole token contract was created on Solana with a 10b $W token supply. CA: 6D4xknzQjcKcdYAZNABeffh1FyLUYPx7YxmDC1BgwUHt There are no pools yet to trade defi but 6% has been sent to @binance who will start tradng 2024-04-03 12:00 (UTC). https://t.co/RIfQMc5eTp
Binance will list Wormhole (W) and open trading for these spot trading pairs at 2024-04-03 12:00 (UTC). New Spot Trading Pairs: W/BTC, W/USDT, W/FDUSD and W/TRY. https://t.co/V2z6DHQvNi
#Binance will list Wormhole $W with Seed Tag Applied. ➡️ https://t.co/JG6qJg6AmK https://t.co/HBJsLRRuSE
Wormhole is listed in the https://t.co/vCNztATkNg App 🔔 Deposit $W easily with USD, EUR, GBP, and 20+ fiat currencies. Download the App to deposit #W now! 👉 https://t.co/jt6bDD8HsI For more details - https://t.co/CtYlS5Vsl5 @wormhole https://t.co/Lp2GjH5hVp
Wormhole, a leading cross-chain protocol, has announced the upcoming launch of its much-anticipated W governance token https://t.co/5wOjpWE1uN