Wormhole Woes: Token Plunges 26% Amid Airdrop Frenzy and Phishing Scams

Amidst the cryptocurrency market downturn, the Wormhole token plummeted by about 26% from its peak. This decline followed the much-anticipated airdrop event, which distributed 617.3 million W tokens to over 400,000 wallets. Consequently, this marked a crucial phase for the Wormhole initiative, aimed at rewarding early adopters and contributors within Solana and Ethereum... source: https://beincrypto.com/wormhole-token-dips-26/