Do you maintain one of many practically 400,000 wallets eligible for Wormhole’s upcoming W token airdrop? If not, you may take into account becoming a member of the hundreds 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 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 beneficial properties.
“In case you 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 up to now, in line 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 mission’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 turn out to be the vacation spot for meme cash in latest months due to the community’s low charges—hundreds of recent 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 varied tokens primarily based on poorly-drawn variations of politicians with misspelled names.
On this case, Lormhole is de facto leaning into the “take the L” framing. On Thursday, the mission tweeted that it’s going to airdrop 40% of the token provide to “key people and communities inside the ecosystem.” Later, the mission added:
“Right now might 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 might be no hoops to leap by 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 writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.
Edited by Ryan Ozawa.
