Wormhole will launch its W governance token on Wednesday, with multiple exchanges planning to list the token for spot trading shortly after the airdrop claim opens. The W token will be available for early users on Solana, Ethereum, and other chains, and a total of 617.3 million tokens have been allocated for the initial airdrop. If the current pre-market price of $1.65 holds, the token would launch with a market cap of nearly $3 billion.