Wormhole’s W governance token launch saw gains for the day with major exchange listings. However, it later lost some altitude. However, exchanges’ interest in the token continues. Amidst these developments, leading crypto exchange Coinbase announced that it will list W Coin in futures.
Coinbase lists W Coin in futures!
cryptokoin.comAs you follow from , Wormhole has launched the highly anticipated W governance token. An airdrop announcement followed. Major exchanges also listed the token, creating a positive impact on the price. Coinbase, one of these exchanges, announced that it will now list it in futures transactions. Global version of the exchange Coinbase International, Wormhole (W) for announced that it would launch a futures contract. In this context, Coinbase shared the following announcement:
CoinbaseIntExch will add support for Wormhole perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our W-PERP market will begin on or after 12:30 CET on April 4, 2024 in regions where trading is supported.
Airdrop details and price increase
Wormhole shared extensive details about the W token airdrop. Thus, it fulfilled its commitment to promote community participation and inclusivity. The project announced that more than 400,000 wallets were eligible to receive the airdrop. Airdrop tokens will go to a wide range of crypto enthusiasts on various Blockchains, including Solana, Ethereum, and others. In particular, the project allocated a significant amount of 617.3 million W tokens for the first airdrop. This underscores Wormhole’s commitment to rewarding early adopters and encouraging widespread adoption.
Following the public announcement of the airdrop, major exchanges such as Binance, Bybit, and OKX wasted no time in listing the Wormhole token for trading. This rapid adoption by leading exchanges reflected the market’s bullish sentiment towards the W token and Wormhole’s cross-chain protocol. This resulted in a significant price increase of 10% in a short trading period. The increase in price underscores growing demand and investor confidence in Wormhole’s vision and technology. It also further solidifies its position as a major player in the DeFi landscape.
W Coin market performance
W token represents an important milestone for Wormhole. It also marks his emergence as a pioneer in the crypto space. In terms of market performance, W is trading at $1.33 at the time of writing. Meanwhile, it visited a peak of $1,860 on some major exchanges during the day. 1.8 billion tokens out of a total supply of 10 billion are currently in circulation. In this context, the altcoin’s market cap stands at an impressive level of approximately $2.4 billion. These price dynamics reflect increasing investor interest and market demand for the W token.
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