Wormhole has announced its plans for an airdrop of its native token W. The protocol will distribute over 617 million W tokens to eligible users. This airdrop is one of the objectives towards achieving further decentralization for the protocol. Wormhole ecosystem users and developers will receive a total of 617,305,000 W tokens, which account for 6.17% of the total supply of 10 billion. W will have an initial supply of 1.8 billion. Over 397k wallets across Ethereum, Solana, Arbitrum, Base and Optimism will be eligible for the airdrop.
The crypto market remains bullish despite Bitcoin’s retreat from its all-time high reached earlier this week. While altcoins, particularly AI tokens and meme coins, continue to be popular, investors are also seeking out new opportunities. Experts are predicting that BTC is getting ready for another major move.
At the same time, investors are seizing the opportunity with KangaMoon (KANG), a SocialFi project that offers a unique play-to-earn feature. Interest in the project has increased as meme coins have soared. KangaMoon could potentially outperform many of the other meme coins as more people look to buy $KANG during the ongoing presale.
Early access to $KANG is available via the presale, with 10% of the total supply of 1 billion available. Investors have already allocated over $630,000 into $KANG positions, taking advantage of the relatively low price of $0.01125 during the presale. Additionally, there are opportunities to grab tokens through special giveaways, such as a 10% bonus on all $KANG purchases. More information about KangaMoon and how to buy can be found on their website.
The crypto world has seen a number of successful airdrops in recent months, including Blur (BLUR), Jupiter (JUP), Manta Network (MANTA), Heroes of Mavia (MAVIA), and Starknet (STRK). The airdrop for Wormhole’s W token is another example of this trend. The platform has already taken a snapshot of eligible recipients for the airdrop, with over 397k wallets across different blockchains being included.
Investors are always on the lookout for new opportunities in the crypto market, and projects like Wormhole and KangaMoon are just some of the exciting options that have emerged in recent months. As the market continues to evolve, it’s important for investors to stay informed and diversify their portfolios.
