Degens who missed the Wormhole Airdrop can be dealt with by trading ‘L’.

Do you own one of the nearly 400,000 wallets eligible for Wormhole's upcoming W token airdrop? if not, You might consider joining the thousands. Solana Degens who take “L”—or rather, trade the L token.

The Wormhole (L) token, launched by unknown entities 24 hours ago, is a tried and true meme coin on Solana, turning the crypto trend into a token when users missed the expected collapse of the wormhole. And it is posting huge profits.

“If you missed $W… get ready to grab this $L,” tweeted a tweet from Lormhole account On Twitter.

Trading at just over $0.006 as of this writing, the token has jumped 75,000% in value since its launch earlier Thursday. So far, about 8,000 wallets have traded Token, the data shows DexScreenerAnd it has a market value of more than 6 million dollars.

“Wormhole promotes mutichain applications and bridges with scawe,” another snarky Solana meme coined, turning the wormhole's cross-chain marketing message into a baby-talk riff.

Solana has become a destination for meme coins in recent months due to the network's low fees—Thousands of new signs per day They were produced in December when traders tried to find the next 1,000x pump during the rise. Solana mm coin BONK. Now there is BONK YF, WenAnd based on different tokens Poorly drawn copies of politicians, misspellings.

In this case, the wormhole leans towards the “L take” frame. On Thursday, the project tweeted that it would donate 40% of its token supply to “key individuals and communities in the ecosystem.” The project later added:

“Today's flavor of the month will be hand-picked by hand-picking communities that have consistently taken after L. There will be no hoops to jump and rules won't change at the last minute. Grab this mock $L.”

Meanwhile, the creators behind NFT projects like DeGods, Okay bearsAnd Kleinosurth have been vying to get on the L airdrop—perhaps in jest. Degod holders are listed as eligible for the wormhole airdrop, although several users have tweeted that the W airdrop verifier shows them to be ineligible.

“I think I know a community that likes to take LS,” Degods creator Rohun “Frank” Vora told the Loremhole account.

Edited by Ryan Ozawa.