Do you maintain one of many practically 400,000 wallets eligible for Wormhole’s upcoming W token airdrop? If not, you may contemplate becoming a member of the hundreds of Solana degens that took an “L”—or fairly, who’re buying and selling the L token.
Launched lower than 24 hours in the past by unknown events, the Lormhole (L) token on Solana is a tried-and-true meme coin, turning a crypto development right into a token that’s being traded amid the fallout from customers who missed out on Wormhole’s anticipated drop. And it’s posting large positive factors.
“When you missed $W… prepare to carry this $L,” reads the pinned tweet from the Lormhole account on Twitter.
Buying and selling at a worth of simply over $0.006 as of this writing, the token has already jumped 75,000% in worth since launching earlier Thursday. About 8,000 wallets have traded the token up to now, in response to knowledge from DexScreener, and it has a market cap of over $6 million.
“Lormhole is the weading interoperabiwity pwatform powering muwtichain appwications and bridges at scawe,” reads the undertaking’s Twitter bio, turning Wormhole’s cross-chain advertising and marketing message right into a baby-talk riff that accompanied one other buzzy Solana meme coin.
Solana has develop into the vacation spot for meme cash in current months because of the community’s low charges—hundreds of latest tokens per day have been being minted in December as merchants tried to seek out the following 1,000x pump amid the rise of Solana meme coin BONK. Now there’s BONK, WIF, WEN, and varied tokens based mostly on poorly-drawn variations of politicians with misspelled names.
On this case, Lormhole is basically leaning into the “take the L” framing. On Thursday, the undertaking tweeted that it’s going to airdrop 40% of the token provide to “key people and communities inside the ecosystem.” Later, the undertaking added:
“Right this moment shall be spent hand-selecting communities which have repeatedly taken L after L. Communities that endure no matter what the flavour of the month is. There shall be no hoops to leap by way of and the foundations will not change last-minute. Maintain this fucking $L.”
In the meantime, the creators behind NFT initiatives like DeGods, Okay Bears, and Claynosaurz have been vying—maybe jokingly—to get in on the L airdrop. DeGods holders have been listed as being eligible for the Wormhole airdrop, although many customers have tweeted that the W airdrop checker exhibits them as being ineligible.
“I feel I do know a neighborhood that likes to take Ls,” DeGods creator Rohun “Frank” Vora replied to the Lormhole account.
Disclaimer
The views and opinions expressed by the creator are for informational functions solely and don’t represent monetary, funding, or different recommendation.
Edited by Ryan Ozawa.
