$DYM raised $7M and launched at an FDV of $5B, now sitting at $7B.
Meanwhile, $W raised over 30 times that of $DYM , $225M, and is trading at a $10B FDV in prelisting markets like whales and on futures platform hyperliquid
Maybe $DYM is up after listing because of potential airdrop rumors for its stakers.
regardless, I still believe $W at $10B right now is undervalued given:
- The massive funding.
- The airdrop-centric coin which are shockingly doing well lately.
Also, I believe the airdrop for $W is going to be a minimum of 5 figures for anyone who interacted with even a couple of transactions. This is because:
- As per Dune Analytics, only 90K wallets have interacted with Wormhole.
[ I remember checking this at the time when $W revealed its tokenomics & airdrop snapshot ]
- This number is apparently not accurate since it only includes EVM wallets, and not the non EVM wallets.
when we compare $W with $ARB:
$ARB with just half the funding of $W at $125M, had about 625K wallets eligible for their airdrop and on average, each wallet managed to receive $5K
Let's hypothesize that $W maintains a $1 price, which I believe it will.
We know 1.7B $W tokens will be airdropped, so doing the math:
1.7B / 90K = $19K per wallet.
However, as I mentioned earlier, the 90K figure isn't accurate—there are far more non-EVM addresses plus NFT communities like Madlads, and Yoots and It's rumored that DeGods will also be whitelisted for the airdrop.
So even if we consider double the number of wallets, meaning 180K, we still land on a figure of around $10K per wallet
