Do you maintain one of many practically 400,000 wallets eligible for Wormhole’s upcoming W token airdrop? If not, you would possibly contemplate becoming a member of the 1000’s of Solana degens that took an “L”—or moderately, 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 pattern 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 huge beneficial properties.
“If you happen to missed $W… prepare to carry this $L,” reads the pinned tweet from the Lormhole account on Twitter.
Buying and selling at a value 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 thus far, in accordance with 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 message right into a baby-talk riff that accompanied one other buzzy Solana meme coin.
Solana has turn into the vacation spot for meme cash in current months because of the community’s low charges—1000’s of latest tokens per day had been being minted in December as merchants tried to seek out the subsequent 1,000x pump amid the rise of Solana meme coin BONK. Now there’s BONK, WIF, WEN, and numerous tokens primarily based on poorly-drawn variations of politicians with misspelled names.
On this case, Lormhole is actually 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 throughout the ecosystem.” Later, the undertaking added:
“In the present day will probably 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 will probably be no hoops to leap via and the foundations will not change last-minute. Maintain this fucking $L.”
In the meantime, the creators behind NFT tasks like DeGods, Okay Bears, and Claynosaurz have been vying—maybe jokingly—to get in on the L airdrop. DeGods holders had been listed as being eligible for the Wormhole airdrop, although many customers have tweeted that the W airdrop checker reveals them as being ineligible.
“I feel I do know a group 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.
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