Multicoin

Million

Billion

Cross-chain protocol Wormhole has secured $225 million in funding at a $2.5 billion valuation. Investors include Coinbase Ventures, Multicoin Capital, and Breven Howard, a well-known hedge fund.
The new round of funding took the form of token warrants, which grant holders rights to tokens at a future date. Wormhole has not announced its token yet, making the market expect an airdrop of tokens in the future.
Earlier this month, Jump Trading Group, the incubator for Wormhole, spun off the project, signaling a new phase of independence for the cross-chain protocol.
Wormhole faced a significant setback in early 2022 when it fell victim to a substantial hack, resulting in an estimated loss of $320 million.

Wormhole Secures $225 Million Funding at $2.5 Billion Valuation

TokenInsight

Other articles published on Nov 30, 2023

$GFOX, $HEX, $PEPE, and $FLOKI – Who Has the Best Potential for a Moonshot?

Binance expanded investments in lobbying just before guilty plea

Saitama Announces Its Next Big Step: SaitaChain

Exploring the Dynamic Landscape of Cryptocurrency Prices and Trends

Breaking: OpenAI Officially Marks Return Of Sam Altman As CEO

US Official Issues Stern Warning to Crypto Firms Breaking the Law

Join our free newsletter for daily crypto updates!