This week saw airdrops from the cross-chain bridge team Wormhole and the 'synthetic dollar' project Ethena, whose tokens suddenly have a combined circulating market capitalization of more than $3 billion.
On Tuesday, Ethena airdropped some 750 million ENA tokens, or roughly 5% of the overall supply - for a first-day circulating market capitalization of about $1.2 billion. The success of the airdrop might reflect the current appetite for ris...
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