Santiment: Wormhole, Ethena, and Waves are the three most trending tokens today

What’s new? Experts from analytics platform Santiment have named the native tokens of the cross-chain protocol Wormhole (W), the revenue-generating protocol Ethena (ENA) and the blockchain Waves (WAVES) as the most discussed in social networks. Wormhole and Ethena recently held multi-million dollar airdrops, while WAVES caught the attention of traders after being flagged for potential delisting from the Binance exchange.

Source: Twitter.com

What else is known? On April 3, Wormhole held a “Wormhole Token Generation Event” during which 670 million tokens were distributed to nearly 400 000 wallets. In February, the company called the event “a crucial step in advancing Wormhole towards a decentralized and permissionless future.” At the same time, the Wormhole team forgot to exclude the addresses of the hacker who hacked the platform for $321 million in 2022 from the list of wallets for airdrop.

Source: Twitter.com

Also on April 3, Binance listed W, opening trading of the asset in pairs with bitcoin, USDT, and FDUSD stablecoins and the Turkish lira. W was given a Seed Tag, warning of possible increased volatility.

W’s total offering will be 10 billion, with an initial offering of 1,8 billion, and is distributed on the Ethereum, Solana, Arbitrum, Optimism, and Base networks.

Ethena, a decentralized sUSDe “synthetic dollar” protocol based on the Ethereum blockchain, also attracts a lot of attention after its token launch on April 2, which saw a massive $450 million airdrop. The largest participant received 3,3 million coins, which were worth $1,96 million at the time. Shortly after the launch, major crypto exchanges including Binance, Bybit, KuCoin, HTX, MEXC, and BitMart listed ENA.

Source: Twitter.com

Binance was the first to list ENA and opened trading of the asset in pairs with BTC, BNB, USDT, FDUSD, and TRY at the end of a three-day farming program. Ethena had previously received investment from Binance as one of the winners of its incubation program.

Santiment analysts noted that the popularity of WAVES is due to the proposal to invest Neutrino Treasuries (XTN) in the WavesIndex pool, where the protocol will buy WAVES tokens from Neutrino’s reserves. At the same time, Binance gave WAVES a Monitoring Tag, which means that the project no longer meets the standards of the platform and can be removed from it at any time.

At the time of writing the news, W is trading at $1,18 (-28,8% for the day), ENA is at $0,977 (+3,4%), and WAVES is at $2,98 (-12,3%).