- Wormhole has announced its airdrop that will see the protocol distribute over 617 million W tokens to eligible users.
- Investors are seizing opportunity with KangaMoon (KANG) as the SocialFi project accelerates in presale.
The crypto market continues to lean bullish despite Bitcoin retreat from the all-time high reached on Tuesday this week. While altcoins, particularly AI tokens and meme coins are hot trends, investors are keen on diversifying with new gems. Other great bets are also emerging as experts say BTC is getting ready for another big move.
While Wormhole is soon airdropping its native token W to eligible recipients, investors are already grabbing early bird opportunities with KangaMoon ($KANG)
Wormhole plans W token airdrop
Cross-chain protocol Wormhole announced its plans for an airdrop of its native token W.
According to the platform, the airdrop is one of the objectives towards achieving further decentralization for the protocol.
Wormhole ecosystem users and developers will receive a total of 617,305,000 W tokens, which account for 6.17% of the total supply of 10 billion. W will have an initial supply of 1.8 billion.
Over 397k wallets across Ethereum, Solana, Arbitrum, Base and Optimism will be eligible for the airdrop.
“This Wormhole airdrop is designed to acknowledge and reward the contributions of dedicated users and developers of multichain applications built on Wormhole, as well as community members who have played a significant role in development and engagement within the Wormhole ecosystem,” the Wormhole team noted.
In recent months, some of the top airdrops have been Blur (BLUR), Jupiter (JUP), Manta Network (MANTA), Heroes of Mavia (MAVIA) and Starknet (STRK).
According to the announcement shared on Wednesday, a snapshot for the Wormhole airdrop eligibility has already been taken.
Investors eye opportunity with KangaMoon ($KANG)
KangaMoon ($KANG) offers a new crypto project that rewards users for having fun. Interest in the project has skyrocketed in the past week as meme coins soared.
KangaMoon could dwarf many of the meme coin outperformers as more people look to buy $KANG amid the SocialFi platform’s ongoing presale.
This is because of a unique approach that has set KangaMoon apart from other presale gems.
$KANG holders don’t have to wait until KangaMoon’s presale ends to start making profit…